Slavery and Economics

Discussion in 'Business & Economics' started by Michael, Aug 13, 2011.

  1. Michael 歌舞伎 Valued Senior Member

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    I'm just tossing around some ideas as I think about economics.

    I'm not sure if there's a formal study, but I'd assume so, regarding Slavery and economics. Many people are of the opinion "Slaves built the USA". See, I don't think so. I think Slavery holds back society. At least as some point it does. Which is why Rome, Persia, the Caliphates, etc... only grew to a certain level of prosperity. At some point Slavery begins to be a serious drag on development and hinders prosperity.

    At least I think that's the case.

    The USA really started doing well following emancipation.


    Anyway, with this is mind, I wonder: Are Americans Slaves to the Banks? I'm not saying this metaphorically either. I know a 33 year old woman working 3 jobs trying to keep up with her mortgage payment ($150,000 underwater). I keep trying to convince her to walk away. She's a beautiful woman. Very athletic. Very much a soccer mom type. Except she's single and spends all of her time working never having had the children (or good relationship) she should have instead wasting all her time working 12 hours a day 7 days a week to pay the Bank.
    She's a Bank Slave. IMO at least.

    Banker Slavery is hindering our prosperity.

    OK, that may seem a little much, but, for my friend, she really seems like a Slave to me.
     
    Last edited: Aug 13, 2011
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  3. cosmictraveler Be kind to yourself always. Valued Senior Member

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    The rich tell everyone else what to do, how much they will be paid and control many aspects of peoples lives today. So , to me, that's a form of slavery when you don't have any real say in matters that concern those types of things but they always do.

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  5. kx000 Valued Senior Member

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    Believe me, slavery is well and thriving in America.
     
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  7. yaracuy Banned Banned

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    So it is in the whole world. It depends how do you define slavery. In the past a slave worked for food and shelter . Now we work for money, which buys food and shelter.
     
  8. quadraphonics Bloodthirsty Barbarian Valued Senior Member

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    "Slave" is too strong a word, there. An actual slave wouldn't be getting payed, nor accruing equity, for their work. A slave can't quit their job, or declare bankruptcy to dissolve the debt that they're working to repay.

    But, to the larger point, for people to dump a ton of their productivity into paying interest, or financing of properties whose value has tanked, does seem like a massive waste.
     
  9. Me-Ki-Gal Banned Banned

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    Here is some light reading for you.

    http://en.wikipedia.org/wiki/Stono_Rebellion

    You can trace the events that lead us to this point in time . Chain of events unfolding is what I call it . All the nasties of the past that pull on the future . Me Buddy the History Professor was shocked when I know this stuff as it is part of his graduate course at the University . He is a black man and Native American that goes back to the Original settlements of America and Like Me and The things I have learned from My own Genealogy He has learned from his own Genealogy . So strange we ended up at same point in time . Something him and I could relate to equally . I like talking to him cause he is one smart cookie that can teach me much . He got the shit man . I surprised Him, specially being a white uneducated person . It gave him hope in what he is trying to do . Educate the world .

    Hope Me Link works
     
  10. Mrs.Lucysnow Valued Senior Member

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    Maybe its not too strong a word:

    The number of slaves today is higher than at any point in history, remaining as high as 12 million to 27 million, though this is probably the smallest proportion of the world's population in history. Most are debt slaves, largely in South Asia, who are under debt bondage incurred by lenders, sometimes even for generations.

    http://en.wikipedia.org/wiki/Slavery
     

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