[abstract7]

American black guy here. Capitalism (capital-intensive but scaleable production) and the industrial revoltion ended slavery (inextricably linked). Within 70 years of Eli Whitney's cotton gin, slavery was abolished in the USA. Similar to how digitization at first benefited the Recording Industry because they used it internally and could rake in outsized profits from the reduced cost of music production, the cotton gin overly enriched plantation owners because they could just use slaves to operate the machines. Today, music playable whenever and wherever is prolific and the Recording Industries stranglehold has been broken thanks to digitization. Likewise, the cotton gin with interchangeable parts that could be produced in scale by factories only layed more seeds (metaphorically) to end slavery as it made it possible to produce agricultural goods at scale with a fraction of human (and animal labor). And that boom in cotton and cotton consumption drew the attention of European and American cotton consumers nowhere near plantations to how backwards the slave-system was. Slave labor was no longer in any way justifiable from a labor costs standpoint. The model of sharecropping became viable. All these factors helped end slavery. Also you can thank capitalism for helping end feudalism, where serfs and peasants were resigned to a fate of providing labor in the production of agricultural goods. In fact, the vast majority before the emergence of capitalism were enganged in providing labor for agriculture; it was not fun. Capitalism birthed the Industrial revolution. Communism did not birth the industrial revolution. Communism birthed famines. By 1920s when the first real Communist experiment called the Soviet Union began, global production of goods and services had already multiplied out of capitalist cornucopias. The Communists (Russia and China) got up in running mostly by sourcing parts and copying of manufacturing processes from capitalist countries. And US slavery had ended already. The Communists reintroduced compulsary labor. Automation in a marketplace has now driven down the costs of production so greatly that only a small fraction of capital is needed to startup a company (Silicon Vallye and the digital revolution). Capitalism 2.0 (low capital requirements) is working towards 'freeing' people of semi-coercive hourly-wage work. Are there bumps, like when plantation owners were intitually enriched. Yes, but it will get better.