"...the histories of slavery and of capitalism look very different if we understand them in relation to each other. The next time we walk the streets of Lower Manhattan, the docks of Liverpool or the grounds of Harvard University, we should think at least in passing of the millions of enslaved workers who helped make some of that grandeur possible, and to the ways that slavery’s legacy persists today."
"We need to qualify the fairy tale we like to tell about capitalism and free labor," argues Harvard historian Sven Beckert, author of the new book, "Empire of Cotton." In part two of his essay on Making Sen$e, he explores slavery's and cotton's role in the development of modern capitalism in the U.S. and elsewhere.
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