|
|
|
|
|
by mapt
143 days ago
|
|
Slavery was replaced by wage labor because it was more productive in the long run - that's part of the economists founding narrative. But I think they tend not to emphasize that it was also simply because it was a lot more flexible for a business in a competitive market to rent than to own, ceter paribus. Quasi-slave status persisted in many situations for a long time, being a local maxima for various management situations. Penal slaves in the postwar American South were in many cases treated worse than their chattel slave parents/grandparents partially because they were rented out by their owners, who didn't pay for them, to managers who rented and didn't have any stake in their survival. |
|
In densely populated areas, that meant systems like serfdom. Agricultural land was a scarce resource mostly owned by the elite. Most peasants were nominally free but tied to the land, with obligations towards whoever owned the land. Peasants farmed land owned by the local lord and paid rent with labor. And if the lord sold the land, the peasants and their obligations went with it.