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I'm pretty sure that the US was a capitalist country when slavery was legal, it's only government regulation that stopped it.
by soperj 13y ago
I'm pretty sure that the US was a capitalist country when slavery was legal, it's only government regulation that stopped it.
- phaer 13y agoI am not too sure about that. A market economy? Yes. But what I know as Capitalism depends on a completely different organization of labor, namely "free" workers to create a market for labor itself. That was true for non-enslaved/white workers at that time but I don't think it makes sense to say it about a whole society when its not true for such a big percentage of the economy.