The Dysfunctionality of Slavery and Neoliberalism


unsettling economics

The Dysfunctionality of Slavery and Neoliberalism

We are all patriotic.  Let’s start with the Star Spangled Banner.

You all are familiar with some of it, but perhaps some of you may not know this particular stanza: Don’t worry, I won’t sing it:

“No refuge could save the hireling and slave from the terror of flight, or the gloom of the grave.”  Keep in mind that the militias referred to in the Second Amendment seem to have been the groups that hunt down escaped slaves.

The elevation of slave owners’ property rights easily morphed into the expansive property rights of those who hired wage labor.  This power allowed capitalists to call upon the state rather than militias of slave captors to keep workers’ rights and wages in check.

This arrangement supposedly served the public interest because low wages mean high profits, which, in…

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