Tuesday, March 8, 2011

Slavery, brought to you by the free market


As usual, one of the books I'm currently reading is helping boost my knowledge of American history to aid in my genealogy research. Right now I'm tucked into Forever Free: The Story of Emancipation & Reconstruction by Eric Foner.

I was struck by the following passage--not just because it highlights the complicity of the North and England in the South's "peculiar institution," but because it so perfectly demonstrates the problem with the modern-day conservative worship of a society where business operates unchecked, except by supply and consumer demand.
The first mass consumer goods in international trade were produced by slaves--sugar, rice, coffee, and tobacco. The rising demand for these products fueled the rapid growth of the Atlantic slave trade. The profits from slavery stimulated the rise of British ports such as Liverpool and Bristol, and the growth of banking, shipbuilding, and insurance, and helped to finance the early industrial revolution.
...
Slavery not only survived the American Revolution, but also soon entered a period of unprecedented expansion. As in the colonial era, the economic interests of the North, and of England, remained intertwined with slavery. The industrial revolution in England, soon replicated in the antebellum North, created an insatiable desire for cotton, the raw material of the early textile industry. Cotton had been grown for thousands of years in many parts of the globe...But in the nineteenth century, cotton assumed an unprecedented role in the world economy. Cotton production grew from fewer than three thousand bales in 1790 to nearly five million bales on the eve of the Civil War. By then, cotton was by far the most important export of the United States. [Pages 7, 11]
The free market is amoral and it will tolerate much--even holding human beings in bondage--if doing so benefits the economic or social interests of the majority, or even a powerful few.

And so, when Rand Paul suggests that the free market can do the work of the Civil Right Act, it is not just laughable, but ahistorical. The free market, without intervention, often abides abuses against humanity and works against American ideals of liberty. And we needn't refer back to the 18th century for evidence of that.

Photo Credit: Slave Site

3 comments:

erika said...

I cannot get over the numbers of slaves brought to the Caribbean and Brazil during that time.

Sparky said...

I think this is also why England and the north of the US that had abolished slavery still need to acknowledge the part in the southern states slavery by depending on them for the cheap luxuries to which they'd become accostomed. You can't say "well i don't do that!" but rely on people who do do that and claim any shred of moral highground

And why we today, when eating our chocolate or smoking cigarettes, or drinking our coffee, need to recognise what our demand for cheap goods does to all but - and actual - slave labour today


The market never sees people. it only sees money

Bobby Abraham said...

Slavery is a pretty fundamental violation of property rights, which serve as the foundation of any free-market society.

Any society that condone's slavery can't be called a free-market society.

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