I am a capitalist. If you are a liberated person, you are living in a capitalist nation. If you are fighting for individual freedom in any corner of this globe you are also fighting for capitalism — because there cannot be freedom without capitalism.
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Replying to @micsolana
https://www.chronicle.com/article/SlaveryCapitalism/150787 … the institution of slavery and the development of early American capitalism are not really separable.
6 replies 3 retweets 28 likes -
Replying to @kimmaicutler @micsolana
Capitalism is the literal opposite of slavery. It is self ownership and ownership of the product of ones labor. It is freely chosen mutual exchange and contract. At least that's how I define it.
1 reply 0 retweets 4 likes -
Replying to @isaacmorehouse
Some people clearly did not read the Pulitzer Prize-winning Harvard historian's essay linked above about the early history of US capitalism, slavery, how the Northern economy was linked to Southern cotton plantations & then their eventual economic divergence preceding the War.
1 reply 0 retweets 2 likes
Using slaves as collateral enabled sophisticated forms of financial transactions in the pre-Civil War South:https://books.google.com/books?id=O3-7DAAAQBAJ&lpg=PA107&ots=3n95R4vKBU&dq=bonnie%20martin%20neighbor-to-neighbor%20capitalism&pg=PA107#v=onepage&q=bonnie%20martin%20neighbor-to-neighbor%20capitalism&f=false …
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