[lbo-talk] US not a private enterprise system

Doug Henwood dhenwood at panix.com
Thu Aug 27 07:24:03 PDT 2009


On Aug 27, 2009, at 10:11 AM, Chris Doss wrote:


> Assuming we want to be Marxist about this, isn't part of the
> definition of capitalism that it uses wage labor, and so slave-based
> economies are noncapitalist by definition?

Slavery isn't really a capitalist form of labor domination, but the slave system of the South was embedded in a larger capitalist economy - they sold the cotton through New York merchants to English industrialists.

Doug



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