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" "The profits derived from slavery are more extreme than I think are commonly acknowledged. As I said yesterday, in 1860, the combined worth of the 4 million enslaved black people in this country was some $3 billion, nearly $75 billion in today’s share of dollars. Cotton, in 1860, was this country’s largest export—not just its largest export, it was the majority of exports out of this country. So, from a financial perspective, just the economics of it, it’s absolutely impossible to imagine America without enslavement.
Ta-Nehisi Coates (born September 30, 1975) is a senior editor for and a memoirist. He often writes about , gaming, and current events.
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A large portion of this country... want to see somebody who can beat Trump. I get that. And there is, you know, a feeling, I think, among certain people that Joe Biden can out-white-man Donald Trump.... I get that beating Donald Trump is extremely, externally important. I get that. But I just hope that that’s the floor and not the ceiling.
And so, that is the long history of this country, that doesn’t end, again, conservatively, until 1968. And so, there are people who are very, very much alive who have experienced that, who are suffering the after-effects and effects of that. And that’s what, you know, as far as I’m concerned, the whole movement around reparations is about.
Having been enslaved for 250 years, black people were not left to their own devices. They were terrorized. In the Deep South, a second slavery ruled. In the North, legislatures, mayors, civic associations, banks, and citizens all colluded to pin black people into ghettos, where they were overcrowded, overcharged, and undereducated. Businesses discriminated against them, awarding them the worst jobs and the worst wages. Police brutalized them in the streets. And the notion that black lives, black bodies, and black wealth were rightful targets remained deeply rooted in the broader society. Now we have half-stepped away from our long centuries of despoilment, promising, “Never again.” But still we are haunted. It is as though we have run up a credit-card bill and, having pledged to charge no more, remain befuddled that the balance does not disappear. The effects of that balance, interest accruing daily, are all around us.