> "Direct slavery is just as much the pivot of bourgeois industry as machinery, > credits, etc. Without slavery you have no cotton; without cotton you have no > modern industry. It is slavery that has given the colonies their value; it is > the colonies that have created world trade, and it is world trade that is the > pre-condition of large-scale industry.Thus slavery is an economic category of > the greatest importance. > > Without slavery North America, the roost progressive of countries, would be > transformed into a patriarchal country. Wipe out North America from the map > of the world, and you will have anarchy — the complete decay of modern > commerce and civilisation. Cause slavery to disappear and you will have wiped > America off the map of nations. > > Thus slavery, because it is an economic category, has always existed among > the institutions of the peoples. Modern nations have been able only to > disguise slavery in their own countries, but they have imposed it without > disguise upon the New World.1" > > 1. Karl Marx, The Poverty of Philosophy: A Reply to M. Proudhon’s Philosophy > of Poverty, New York, International Publishers, n.d., pages 94-5.
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