Karl Marx on the Necessity of Slavery for Modern Industry
In 1846, political economist Karl Marx articulated a strong causal link between slavery, cotton, and industrialization. He posited that modern industry was fundamentally dependent on cotton, which in turn was inextricably linked to the institution of slavery. His statement, 'Without slavery you have no cotton; without cotton you have no modern industry,' highlights his view that enslaved labor was an indispensable foundation for the modern industrial economy.
0
1
Tags
History
Humanities
Economics
Social Science
Empirical Science
Science
Economy
CORE Econ
The Economy 1.0 @ CORE Econ
Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ
Ch.2 User-centered design process - User Experience Design - Winter 23 @ UI Design in UI @ University of Michigan - Ann Arbor
UI Design in UI @ University of Michigan - Ann Arbor
User Experience Design - Winter 23 @ UI Design in UI @ University of Michigan - Ann Arbor
UI @ University of Michigan - Ann Arbor
User Experience Design @ UI Design in UI @ University of Michigan - Ann Arbor
University of Michigan - Ann Arbor
Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ