Loretta Napoleoni Quotes


Decolonization actually boosted slavery. As foreign powers withdrew from the colonies, people were enslaved by their own countrymen. And we see it in Africa, we see it in Asia.


Citations

Napoleoni, Loretta. "Rogue Economics: Capitalism's New Reality." Democracy Now!, 16 May 2008.

Related Quotes

There was little thought of emancipating slaves or their value to the South by the senior officers of the Union Army at the beginning of the war. The Secretary of War however changed that. See {629184}.


This treaty shows slaves were a major currency of the times and cultures. The Arab Armies of Egypt and the Nubians with this treaty declared an armistice. The extensive Arab use of Black slaves officially begun at this time, has plagued Africa since. Arab slave traders were the middle men who met the European and American demand for slaves until the 19th century. Even at the millennium the Sudanese civil war between the Arab North and Black South has reflected this resentment and hostility and has involved the Northerner’s enslaving tens of thousands of Black Southerners.


This is one of the major reasons that Slavery was so hard to end in the South. At the time, the dollar value of the Southern slaves was greater than the value of all the land, factories, inventory, and capital equipment of the South. Slaves were not only capital, they were the largest component of Southern capital and Southern wealth. There were numerous ideas of paying slave owners for the freedom of their slaves, and if this was done, it would have been far less expensive in money alone than the Civil War cost. However, the Southern leadership, like Fitzhugh, were totally intransient with culture and customs—indeed the Southern concept of manhood—was dependent in Slavery. The result was that no compensation was paid to slave owners and the South was impoverished as a result of its capital loss and it would not recover for 150 years.


John Sutter was an immigrant to California from Switzerland where he became a Mexican citizen. Slavery was outlawed in Mexico and its territories, yet Sutter and others maintained Indians as slaves. The Roman Catholic Missions of California also kept Indian slaves. This quotation is historically important because many people never realized that slavery was prevalent in California.


The “lords of the lash” were the Southern slave owners. The “lords of the loom” were the Northern mill owners. The Southern cotton, grown by cheap slave labor was sold to the Northern mill owners at very low prices. They in turn wove the cotton into cloth and sold it throughout the nation and to foreign countries. So, although there was strong Northern anti-slavery sentiment, the wealthy and politically powerful mill owners had a vested interest in maintaining slavery in the South.


Loretta Napoleoni
Loretta Napoleoni
  • Born:
  • Nationality: Italian
  • Profession: Journalist

Loretta Napoleoni (born 1955 in Rome) is an Italian journalist and political analyst. She reports on the financing of terrorism and connected topics, both finance- and security-related.