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  • Essay / The relationship between capitalism, slavery,...

    The relationship between the growth of capitalism and slave labor is historically linked. Nevertheless, slavery differs fundamentally from capitalism; in that capitalism requires free or cheap labor, while slavery requires forced labor. However, slavery cannot be conceptually separated from the development of capitalism. Therefore, slavery was the foundation of colonial trade within the triangular trade region, as well as the foundation of colonization in the islands (Robinson; 1984: 154). As slaves were legal property and part of capital. They were bought, sold and sometimes killed, thus becoming a means of production and reduced to a commodity belonging to slave owners (Ritzer; 2002: 51/53). The relationship between slavery and capitalism can be seen in the context of slavery. creation of America. African and African American slaves were essential to the development of America. An example of this is the post-American Civil War, even though the North fought to abolish slavery. Northern capitalism was linked to slavery and allowed it to exist. While the Northern bourgeoisie purchased molasses produced by slave labor, they lent money to Southern plantation owners who owned slave labor; they shipped slave-produced cotton to Britain from their northern ports. Thus financing the slave trade (Saunders; 1988). Slavery was not only linked to the growth of capitalism in America, but also in Britain. British industrial capitalism was primarily based on slavery. The British bourgeoisie grew rich through the sugar trade in England, which was rooted in slavery. Therefore, it is evident that capitalism evolved in the concrete and that slavery was central to the development of the capitalist system...... middle of article ......• Robinson, C. (1984) Black Marxism: The Making of the Black Radical Tradition. London: Zed Press. • South African history online. “History of slavery and the beginnings of colonization in South Africa”. www.sahistory.co.za • Alexander, N. (2002). Race and class in South African historiography: a glimpse into an ordinary country. Scottsville: University of Natal Press. • Saunders, C. (1988) The Making of the South African Past, Major Historians of Race and Class. Cape Town: David Phillip Publishers.• History of South Africa Online (2012) The racial class debate. www.sahistory.org.za/archive/theorertical-debates-and-Methodlogical-conersations/• Stolten, H (2002) The discussion of the relationship between capitalism and apartheid: elaborations on Lipton and Yudelman. www.jakobsgaardstolten.dk/Papers,%20presenations,20%articles/NAI-CASconf02/Captilism%20and20%Apartheid.html