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The Pros And Cons Of Competition In The Slave Trade

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First, Ferguson introduced the idea that competition has the ability to propel a nation into prosperity. The word “competition” is rather multi-faceted and can be interpreted in numerous ways depending on the context. In his TED Talk, Ferguson considered competition in a political sense. While political competition may not serve the purposes of this argument, other forms of competition were surely factors in the conception and perpetuation of slavery. Perhaps the sort of competition that was most notable and most influential in the continuation of the slave trade was that of competition between the wholesalers that benefited from the use of slaves. It can be argued that self-interest is one of the strongest motivators for action. Considering that the western world is “more individualist than the rest” (Lal 12), from a purely financial standpoint, many were willing to do whatever it took to ensure their own individual success. As Fusfeld illustrated in his book, “The vice of selfishness would spur people to maximize their gains…” (20). Arguably, the exploitation of slaves could be considered far more economically efficient than hiring a free man to do the job. Regardless of whether these beliefs could be supported by facts, plantation owners were keen on maximizing profit and minimizing loss. It was crucial that one could produce the means necessary to overpower the rival planters in the market. Failing to do so could have potentially lead to financial ruin. If forcing a

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