Capitalism, Slavery, and the Industrial Revolution

Davis Kedrosky · 26 Aug 2022

The piece opens with

Plantation slavery was profitable and fully compatible with capitalism, not opposed to it.

Their wordsThis series is not about the economics of plantation slavery, which was brutal, profitable, and fully compatible with capitalism.

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

Our reading
Plantation slavery was profitable and fully compatible with capitalism, not opposed to it.

Their wordsThis series is not about the economics of plantation slavery, which was brutal, profitable, and fully compatible with capitalism.
Our reading
Capital accumulation was probably not what caused the British Industrial Revolution, given how cheap it was to set up even large factories.

Their wordscapital accumulation probably did not cause British industrialization, given the modest set-up costs of even large factories.

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