Wednesday, May 6, 2020

Free Labor And Slave Labor Essay - 1540 Words

Capitalism was the sole purpose for being the cause of an exponential use of slaves in all aspects of production. Notably, it involved an economic system whose basis originates from private ownership of all the means of production as well as the production of goods and services majorly meant for profit. With characteristics such as accumulation of capital, labor, private property ownership, and competitive market. Therefore, there was a great need for means of production hence slavery. However, there is a close relationship between free and slave labor as used in production. The paper uses â€Å"Capitalism and Slavery† (William, 1961) as a primary source material to compare the profitability of free labor and slave labor through an in-depth discussion of the role the African slavery played in the development of capitalism in the New World. Free labor and slave labor both have profits in the production process and would be applied differently at various places. For instance, sl ave labor was profitable in activities in which little skills and versatility in production process were required. It is worth noting that, the use of slave labor to cultivate a fresh soil is more profitable than the use of free men in the cultivation of an exhausted land. However, the use of slave labor was the option at the earlier stages of development of colonies, although slaved labor was unskillful, given reluctantly, and lacks versatility (Eltis, 2000). Moreover, use of slave labor were not moral butShow MoreRelatedThe Morality Of Slave Labor Versus Free Market Capitalism1095 Words   |  5 Pagesabout the morals of slave labor versus free market capitalism. Abolitionists tended to support capitalism, or even socialism, and would argue that slave labor is immoral. Supporters of slavery would argue that Christianity allowed for slave labor, and it also created a more equal society; one much closer to the socialist dream than European philosophers could hope for. 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