[lbo-talk] corporate rationality

[wrobert at uci.edu]

This is incorrect to the point of being comical. As as has been noted
before by myself, as well as others, capitalism is a system based in a
particular concept of value, which expands towards a logic of surplus. 
That system can accommodate a multiplicity of social relationships.  The
U.S. was able to establish itself as a economic power through its
industrial production of cotton.  In addition, the entire structure of the
slave trade was internal to the capitalist world system, from the
entrepreneurs who bought and sold slaves, to the entrepreneurs who used
that labor to produce massive profits in the United States, San Domingo,
Cuba and elsewhere.  There is nothing feudal about the relationship
between the slaveowner and the slave, despite a set of fantasies that
those owners would occasionally trot out to legitimate their particular
structures of exploitation. robert wood


> Note that the social role of blacks during slavery was not capitalist.
> They were not wage-earners. They were serfs. The social role of a master
> to his slaves was not capitalist either. This ideology (racism) is rooted
> in feudal relations, not capitalist ones.
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