Taking down the intellectual root of the "1619" fallacy.

 

A review of The Half Has Never Been Told: Slavery and the Making of American Capitalism (Basic Books, 2014) by Edward Baptist

Recent polling of the millennials’ attitudes toward socialism suggests that higher education on the postmodern campus has better prepared graduates to denounce capitalism than to defend it.

Undergraduate enthusiasm for Bernie Sanders’ presidential bid speaks to the point.

In 1946, Encyclopedia Britannica recruited to the task of explaining capitalism’s origin, meaning, and development the eminent Austrian economist Joseph Schumpeter. Schumpeter supplied a characteristically learned and incisive entry that sharply distinguished societies with features of capitalism from those with a full-blown capitalist system. Thus, the appearance of a high level of commercialization in a society or empire, the arbitraging or acquisitive behavior of elites or other social strata in well-articulated markets—ancient Rome, for example—did not necessarily indicate the presence of capitalism. A capitalist society, he said, has at its core the “private ownership of nonpersonal means of production.”

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NYT:  Working endlessly to convert our country to Communism

In order to understand the brutality of American capitalism, you have to start on the plantation.