March 4, 2015 | Posted by
“He concludes plausibly that white supremacy in the U.S. is even more extreme and savage than South Africa,” he said. “Think of our own history. Our economy, our wealth, our privilege relies very heavily on a century of horrifying slave labor camps. Cotton production was not just a fuel of the Industrial Revolution but was the basis of our financial system.”
Chomsky pointed to the recent book by Edward Baptist, “The Half Has Never Been Told: Slavery and the Making of American Capitalism,” which argues that the strength of the American financial system was made possible by increasing slave labor in the 1800s.