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How America and Europe Became Rich Thanks to Slavery

Is slavery the basis of our prosperity? A fierce debate has broken out about this. Trafficking in human beings has historical significance for the development of capitalism, write
two Harvard researchers.

White men in fine cloth suits deal with black people without clothes: slavery in the American feature film “Amistad” from 1997.

Photo 12 / Mauritius Images

Such reports are no longer surprising: a large company, a wealthy family, an important institution was involved in the slave trade and had benefited from slave labor. Last week alone, the Bank of England, Lloyds Insurance Group, and Greene King Brewery formally apologized that their founders got rich thanks to slavery. Now they promise financial compensation.

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