yes, but your confusing a modern tendency & backprojecting it onto adam's smith overall political project, capitalism was trying to free people FROM rent seeking while modern capitalism seek TO extract more rent from the entire economy by disguising trickle down economics as wealth creation.
when endentured servants were incorporated to bourgeois society & afforded the rights of englishmen, they moved further inward into colonial america, & the people that had endentured servants started to need to rely on other unfree laborers to carry out their tasks, but the economic concensus was starting to be had that endentured servants & gradually slaves would have the screws loosened up just like endentured servants & slaveowners would have to once again incorperate themselves with broader free labor/business society
That is, unless of course some technology (like the cotton gin) would be developed & would actually cause slavery to intensify & cause free labor to be put on pause & actually would necessitate that slaveowners tighten the screws on slavery.
as a matter of fact, one of the things that jefferson was thoroughly disturbed on his death bed is he didnt know how the problem of the slave owning south would be dealt with, & the fact that none of the european nation states supported the enfranchisement of slaves & america sought out to copy their institutions kinda explains why theres so many problems in modern america
yaddas 🔻
npub1fh…0s57l
2025-02-02 06:53:49
in reply to nevent1q…pz0l
Author Public Key
npub1fhrkvtnym9cs4h3vqe3agxljh7nz3xw6x4z7awzrxyay95eqpsrqe0s57lPublished at
2025-02-02 06:53:49Event JSON
{
"id": "895b110e7c8d7ec3a54a79b7cc335b96ac423a9768bc17b82126b18fd86d0b7a",
"pubkey": "4dc7662e64d9710ade2c0663d41bf2bfa62899da3545eeb843313a42d3200c06",
"created_at": 1738479229,
"kind": 1,
"tags": [
[
"e",
"b5522d364e63c48acd88fa1e1fbaee6a0d95d01070756d10a9f3fcca8927bd2d",
"",
"root"
],
[
"e",
"1fe5c32e313a0063ae803c04ebe64f1e5d4e7471809bf7d2252d82f3fea128b0",
"",
"reply"
],
[
"p",
"4dc7662e64d9710ade2c0663d41bf2bfa62899da3545eeb843313a42d3200c06"
],
[
"p",
"7e1a8f9865591ffe9d8add063e5bf783a8bc5766afacf1764724271561381121"
]
],
"content": "yes, but your confusing a modern tendency \u0026 backprojecting it onto adam's smith overall political project, capitalism was trying to free people FROM rent seeking while modern capitalism seek TO extract more rent from the entire economy by disguising trickle down economics as wealth creation. \n\nwhen endentured servants were incorporated to bourgeois society \u0026 afforded the rights of englishmen, they moved further inward into colonial america, \u0026 the people that had endentured servants started to need to rely on other unfree laborers to carry out their tasks, but the economic concensus was starting to be had that endentured servants \u0026 gradually slaves would have the screws loosened up just like endentured servants \u0026 slaveowners would have to once again incorperate themselves with broader free labor/business society\n\nThat is, unless of course some technology (like the cotton gin) would be developed \u0026 would actually cause slavery to intensify \u0026 cause free labor to be put on pause \u0026 actually would necessitate that slaveowners tighten the screws on slavery.\n\nas a matter of fact, one of the things that jefferson was thoroughly disturbed on his death bed is he didnt know how the problem of the slave owning south would be dealt with, \u0026 the fact that none of the european nation states supported the enfranchisement of slaves \u0026 america sought out to copy their institutions kinda explains why theres so many problems in modern america",
"sig": "470e4505ef901e2eeab32b4a8d4b95d0c19ea8e24b3b37e259e211e92c4db5c004ccb981ea1e9edb13835e1c025feb864a483c396ea0f28f1ad1c0572aae70a0"
}