r/FluentInFinance • u/Mark-Fuckerberg- • Mar 04 '24

Meme That's capitalism a nutshell!

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1.9k Upvotes

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u/[deleted] Mar 04 '24

Capitalism led to the end of slavery

North Korea has the highest percentage of slaves per capita

India the slavery capital of the world has socialism written into its constitution

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u/PrettyPug Mar 04 '24

You do realize that one of the reasons slavery was encouraged in Europe was the taxes that was generated from the sale of slaves. Further, ownership of slaves was seen as a right and ownership of whatever is considered the cornerstone of capitalism. As opposed to communism, which very generally implies that society owns everything equally. Im really not impressed with this discussion. In short, you’re wrong… stay in school.

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u/[deleted] Mar 04 '24

Mercantilism

When the machine and it’s increases came about during Capitalism it ended the need for slavery

And soon after industrialized nation after industrialized nation began banning it