There may have been a lot of debate about the capitalist nature of American 
slavery, but I think those are old debates. Most everyone doing research in 
the area agrees that it was capitalist.

The problem arose from a misreading of Marx by some of the old CP members 
who insisted that to have capitalism you had to have wage labour.

No one actively researching the area doubts that slaveholders were 
capitalists.

The more relevant question to the debates that have taken place here is "Was 
the US part of the periphery or part of the core during the early half of 
the nineteenth century?"



Rod Hay
[EMAIL PROTECTED]
The History of Economic Thought Archives
http://socserv2.mcmaster.ca/~econ/ugcm/3ll3/index.html
Batoche Books
http://members.tripod.com/rodhay/batochebooks.html
http://www.abebooks.com/home/BATOCHEBOOKS/




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