In speaking of the European slave trade, mention must be made of the U.S.A., not only because its dominant population was European but also because Europe transferred its capitalist institutions more completely to North America than to any other part of the globe, and established a powerful form of capitalism—after eliminating the indigenous inhabitants and exploiting the labor of millions of Africans.

We gather here to mark the global trade that took some 15 million beloved human beings across the Atlantic in the hulls of barbaric ships, the largest forced migration in the history of the world, one that would reshape the entire Atlantic world and transform the global economy. We must never forget the scale and the depth of the horrors that people of African descent suffered in the name of profit, profit that enriched the European colonial powers and built the nascent economy of the United States. We must never forget how the systems of slavery collapsed, only to be reborn in other models of violent and racist economic exploitation, such as what we benignly call Jim Crow in the United States, but what is more aptly called apartheid.

Not only did slavery play a major role in the historical development of the U.S., but the wealth and power of the U.S. rests today on a worldwide system of imperialist exploitation that ensnares hundreds of millions, and ultimately billions, of people in conditions hardly better than those of slaves. Now, if this seems like an extreme or extravagant claim, think about the tens of millions of children throughout the Third World who, from a very, very early age, are working nearly every day of the year—as the slaves on the southern plantations in the United States used to say, “from can’t see in the morning, till can’t see at night”—until they’ve been physically used up, with their lives literally passing, bit by bit, day after day, from them into the machinery on which they’re working (or which, in a real sense, is working on them, wearing their lives away) and into the products which they are producing through this labor. These are conditions very similar to outright slavery, and they often go along with superstructural expressions which are very close to slavery—ways in which, through customs and traditions, and sometimes even formal codes, the lives of these children, and others in these conditions, are controlled, confined and degraded. This includes overt sexual harassment of women, and many other degradations as well. All this is the foundation on which the imperialist system rests, with U.S. imperialism now sitting atop it all.

It must be recalled that North America was that part of the European capitalist system which had been the most direct beneficiary of the massacre of the American Indians and the enslavement of Africans. The continued exploitation of African peoples within its own boundaries and in the Caribbean and Latin America must also be cited as evidence against American monster imperialism. The U.S.A. was a worthy successor to Britain as the leading force and policeman of the imperialist/colonialist world from 1945 onwards.

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.

Four hundred years ago, ships set sail from the west coast of Africa and in the process, began one of mankind’s most inhumane practices: human bondage and slavery. For two centuries, human beings – full of hopes and fears, dreams and concerns, ambition and anguish – were transported onto ships like chattel, and the lives of many forever changed. The reverberations from this horrific series of acts – a transatlantic slave trade that touched the shores of a colony that came to be known as America, and later a democratic republic known as the United States of America – are unknown and worthy of exploration. Approximately 4,000,000 Africans and their descendants were enslaved in the United States and colonies that became the United States from 1619 to 1865.

Slavery came to the English colonies in North America in the 17th century because the colonists found themselves in possession of a vast continent, needing only cultivation to make it the homes of millions of free, prosperous, God-fearing human beings. Those who came from Europe would be refugees from the tyranny and oppression of feudalism, divine right monarchy, and religious intolerance. But converting this vast wilderness into cultivated lands required labor. It was nearly inevitable that someone would turn to tribal Africa for some, at least, of this labor. It is paradoxical but true that a large measure of the labor that turned America into a sanctuary for freedom came from slavery. The slave trade that developed between North America and the west coast of Africa is one of the great horror stories of western civilization. It resulted also from the unlimited greed of the African chiefs who enslaved their brother Africans, and then sold them to white slave traders. They in turn sold them, for vast profits, into the new world.

As historian Ed Baptist has written, enslavement, quote, “shaped every crucial aspect of the economy and politics” of America, so that by 1836 more than $600 million, or almost half of the economic activity in the United States, derived directly or indirectly from the cotton produced by the million-odd slaves. By the time the enslaved were emancipated, they comprised the largest single asset in America—$3 billion in 1860 dollars, more than all the other assets in the country combined.
The method of cultivating this asset was neither gentle cajoling nor persuasion, but torture, rape and child trafficking. Enslavement reigned for 250 years on these shores. When it ended, this country could have extended its hallowed principles—life, liberty and the pursuit of happiness—to all, regardless of color. But America had other principles in mind. And so, for a century after the Civil War, black people were subjected to a relentless campaign of terror, a campaign that extended well into the lifetime of Majority Leader McConnell.
It is tempting to divorce this modern campaign of terror, of plunder, from enslavement. But the logic of enslavement, of white supremacy, respects no such borders, and the god of bondage was lustful and begat many heirs—coup d’états and convict leasing. vagrancy laws and debt peonage, redlining and racist GI bills, poll taxes and state-sponsored terrorism.

Before you decide on the practicability of being slaves for ever, look to America. Do you see nothing in that America but the grave and prison of your armies? and do you not see in her range of territory, cheapness of living, variety of climate, and simplicity of life,—the drain of Europe? Whatever is bold and disconsolate, sullen virtue and wounded pride; all, all to that point will precipitate; and what you trample on in Europe will sting you in America. When Philadelphia or whatever city the American appoints for empire, sends forth her ambassadors to the different kings in Europe, and manifests to the world her independency and power; do you imagine you will persuade Ireland to be satisfied with an English Parliament making laws for her; satisfied with a refusal to her loyalty, of those privileges which were offered to the arms of America?

For centuries, the world has been unwilling and unable to confront the realities of the realities of consequences of the slave trade but gradually this is changing and it is time to bring the subject of reparations firmly to the fore

The transatlantic slave trade is one of the biggest crimes in the history of humankind. And we continue to live in its shadow. We can only move forward by confronting the racist legacy of slavery together.

Each of the atoms composing what we call the Wealth of Nations owes its value to the fact that it is a part of the great whole. [. . .] Millions of human beings have laboured to create this civilization on which we pride ourselves to-day. Other millions, scattered through the globe, labour to maintain it. Without them nothing would be left in fifty years but ruins. [. . .] Science and industry, knowledge and application, discovery and practical realization leading to new discoveries, cunning of brain and of hand, toil of mind and muscle — all work together. Each discovery, each advance, each increase in the sum of human riches, owes its being to the physical and mental travail of the past and the present. By what right then can any one whatever appropriate the least morsel of this immense whole and say — This is mine, not yours?

It is time for them to make reparations to the descendants of chattel slavery in the Americas. This is our global truth, the truth we as human beings understand with stark clarity: There can be no atonement if there’s no repair. It is time — it is long past time — for reparations for the transatlantic slave trade and all the devastation that it has wrought, and all the devastation that it continues to reap.

This humanity we would claim for ourselves is the legacy, not only of the Enlightenment, but of the thousands of European peasants and poor townspeople who came here bringing their humanity and their sufferings with them. It is the absence of a stable upper class that is responsible for much of the vulgarity of the American scene. Should we blush before the visitor for this deficiency? The ugliness of American decoration, American entertainment, American literature - is not this the visible expression of the impoverishment of the European masses, a manifestation of all the backwardness, deprivation, and want that arrived here in boatloads from Europe? The immense popularity of American movies abroad demonstrates that Europe is the unfinished negative of which America is the proof. The European traveler, viewing with distaste a movie palace or a Motorola, is only looking into the terrible concavity of his continent of hunger inverted startlingly into the convex. Our civilization, deformed as it is outwardly, is still an accomplishment; all this had to come to light.