At 05:49 PM 10/19/00 -0400, you wrote:
>I've been exchanging email with Mark M. Smith, the author of "Debating 
>Slavery". According to Smith, the debate is mainly between "Marxists" like 
>Eugene Genovese on one side and non-Marxists like Fogel, Engerman, and 
>Oakes on the other. The former tend to put forward the notion that the 
>Slavocracy was precapitalist and "paternalistic". The other camp, drawing 
>from econometrics, tries to show that the plantation system was both 
>profitable and efficient on capitalist terms.

I'm not familiar with Smith's book, so it's possible that he's right, but I 
don't think the distinction as you summarize it is very good, because there 
are a lot of other points of view. For example, Gavin Wright's book THE 
POLITICAL ECONOMY OF THE COTTON SOUTH is both econometrics-oriented and 
non-apologetic (unlike Fogel & Engerman). (Along with Mike Meeropol, I 
really like that book, since it's a case of a NC economist who ends up 
presenting what's a lot like a Marxian political-economic analysis, though 
his emphasis is quite different.) It seems a mistake to divide the world 
into two camps in this case, as Charles notes.

Genovese was a Marxist for a long time and did describe slavery as 
paternalistic, but in his earlier work was very clear that slavery was 
quite exploitative. Later on, he got hooked on the idea that the 
pre-capitalist & paternalistic "civilization" of the slaveocrats was in 
some ways superior to the anarchy of capitalist production and the 
corruption of modern life.

I think it's right to describe the slave system (the slave 
plantation/cotton complex) as profitable and slave-owners as 
profit-seeking. A certain amount of  paternalism is part of that system, 
since the owners don't want their property to be unemployed or to 
"depreciate" too quickly (by profitability standards). (Of course, if the 
price of cotton (and similar slave-produced crops) falls, it's very hard to 
make a profit off of slaves. In some places in Latin America and the 
Caribbean, the slave-owners responded by deciding they didn't want to 
support a lot of underemployed or unemployed slaves, so they freed them 
voluntarily, though the "freedmen" didn't do well after that, since they 
were often saddled with debt.)

In my opinion, antebellum US slavery was not itself a capitalist mode of 
production but was part of the world capitalist system at the time. Wrote 
Marx: "... as soon as peoples whose production still moves within the lower 
forms of slave-labor ... are drawn into a world market dominated by the 
capitalist mode of production, whereby the sale of their products for 
exports develops into their principal interest, the civilized [i.e., 
capitalist] horrors of over-work are grafted onto the barbaric horrors of 
slavery .... Hence the Negro labor in the southern states of the American 
Union preserved a moderately paternalistic character as long as production 
was chiefly directed to the satisfaction of immediate local requirements. 
But in proportion as the export of cotton became of vital interest to those 
states, the over-working of the Negro, and sometimes the consumption of his 
life in seven years of labor, became a factor in a calculated and 
calculating system. It was no longer a question of obtaining from him a 
certain quantity of useful products, but rather of the production of 
surplus-value itself." [Capital, vol. I, Penguin/Vintage, p. 345, US spelling.]

I read this as saying that these slaves produced surplus-value (i.e., that 
their surplus-labor produced a commodity), but I don't see it as a form of 
capitalism itself, since according to Marx, capitalism involves workers not 
only being (a) free from the privileges of ownership of the means of 
production, but also (b) free to move between employers, unlike under 
serfdom or slavery (though obviously the existence of the reserve army 
makes such mobility expensive to them).

>... While not gainsaying the enormous contribution of these two, my 
>question is whether anybody knows of a Marxist study of slavery that is in 
>line with Eric Williams and the Monthly Review school?

Perhaps Wallerstein has something to say. His bibliography is very 
complete, so he should have some good sources of the type you seek.

>My interest in these questions is tied to research I did last year on the 
>Brenner thesis and is particularly focused on the question
>whether free labor is a precondition for capitalism. Williams, who was 
>strongly influenced by CLR James, argues that it was not and that 
>capitalism and slavery were inter-related....

These are two different points. Marx, Brenner, I, and many others see 
capitalism and slavery as inter-related, while Williams cites Marx as 
saying that slavery promoted the primitive accumulation of capital. The 
issue of whether or not "free labor" (with the dual freedom mentioned 
above) is a precondition for capitalist development is another issue, a 
very contentious one. It divides those who define capitalism simply as a 
system of markets (as most NC economists do, if they use the c-word at all) 
and those who define capitalism as a special kind of commodity production 
-- generalized commodity production -- in which labor-power is a commodity, 
as Marx, Lenin, Brenner, and I do. ("Generalized commodity production" is 
Lenin's phrase. It differs from slavery in that under slavery, it's the 
worker him or herself that's a commodity, as opposed to labor-power. For 
labor-power to be a commodity, its owner must be free to sell to whomever, 
while the worker must be its formal owner.)

Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine "Segui il 
tuo corso, e lascia dir le genti." (Go your own way and let people talk.) 
-- K. Marx, paraphrasing Dante A.

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