Abolition of US slavery relocated capital to colonial slave agriculture globally

Evidence

The abolition of American slavery started the transportation of capital from white to black countries where slavery prevailed, with the same tremendous and awful consequences upon the laboring classes of the world which we see about us today. When raw material could not be raised in a country like the United States, it could be raised in the tropics and semi-tropics under a dictatorship of industry, commerce and manufacture and with no free farming class. … The competition of a slave-directed agriculture in the West Indies and South America, in Africa and Asia, eventually ruined the economic efficiency of agriculture in the United States and in Europe and precipitated the modern economic degradation of the white farmer, while it put into the hands of the owners of the machine such a monopoly of raw material that their domination of white labor was more and more complete, (p. 48) According to Du Bois, this was not a necessary development but the one that followed upon the dismantling and destruction of the “dictatorship of labor” established in the southern United States during the Reconstruction: [T]here began to rise in America in 1876 a new capitalism and a new enslavement of labor… — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 1077