In the US I mean.

I’m reading this book on insurance, Investing in Life. It has a chapter on slave insurance, which is thought-provoking, so I scribble a thought so provoked.

Actually existing slave-based production and property in the US was largely agricultural in character. That said, this was a matter of historical developments that associated institutional arrangements – slavery and agriculture – not a matter of any inherent link between the two. Slave-based industrial production existed in the US and some people believed it could be spread farther. (186.) Insurance was a key institution in facilitating this slave-based industry, by removing much of the financial risks industrial production posed for slave owners, risks which would otherwise have prevented slave-based industry from developing.

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