Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

It was in the interests of the wealthiest planters to encourage as many white people as possible to own slaves; it ensured that even if they had little else, they had the feeling of belonging to the white upper class. And many others, including in places like London and New York, where slavery was abolished fairly early on, sunk their money into bonds made by securitizing slaves—humans who were still working on plantations, but who were mortgaged to raise capital by their owners in a process that historian Edward E. Baptist likened to the home mortgage–backed financial products that created the financial crisis of 2008. Companies like Lehman Brothers, which collapsed in 2008 and kick-started that crisis, got their start providing capital to slaveholders. Slavery was not a system outside of modern capitalism; it helped to build it.

—p.142 Race to the Bottom (129) by Sarah Jaffe 2 years, 4 months ago