The Economics Of Slavery: Centuries-Old Debate Surfaces Again

The centuries-old debate over the profitability of slavery has flared again, prompted by a recent article in The Economist.

Robert Fogel and Stanley Engerman wrote in their 1974 book, “Time on the Cross: The Economics of American Negro Slavery,” that slavery was perhaps more profitable than other investment opportunities in similar industries, such as farming. Slavery was “generally a highly profitable investment that yielded rates of return that compared favorably with the most outstanding investment opportunities in manufacturing,” they wrote.

More white shenanigans…talmbout; Was slavery profitable/lucrative? Let’s just settle it here and now. If slavery was not lucrative, give us back all that was made as a direct result of our enslavement, trafficking, dispossession and dehumanization. Deal? 

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