alt Hacker News> Adam Smith famously wrote that slavery was economically detrimental way back in 1776. It still took nearly 100 years to abolish slavery...
Slavery had basically been a thing for all of human history up to that point, and based on my discussions on HN many smart people don't believe a lot of what Adam Smith said. There are still a lot of basic economic ideas that would make people much wealthier that struggle to get out into the wild. With that perspective the near-total abolition of slavery in a century seems pretty quick. And it can't really be a social thing because it is clear from history that societies tolerate slavery if it makes sense.
And we see what happened to the people who tried to maintain slavery over that century - they ended up poor then economically, socially and historically humiliated.
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> Slavery had basically been a thing for all of human history up to that point
Would note that New World-style chattel slavery doesn't seem to have broadly historically precedented.
Slavery in Europe was replaced with a more efficient system in the Middle Ages.
So calling it a constant throughout history is only true in the way that slavery still exists today, in that you could find it somewhere on the globe.
Ah, the master of bad takes is at it again.
> Slavery had basically been a thing for all of human history up to that point,
Except that of course it wasn't.
> and based on my discussions on HN many smart people don't believe a lot of what Adam Smith said.
And many smart people do.
> There are still a lot of basic economic ideas that would make people much wealthier that struggle to get out into the wild.
Yes, such as the one that wealth is not very good as a context free metric for societal success.
> With that perspective the near-total abolition of slavery in a century seems pretty quick.
You missed that bit about the war. If not for that who knows where we'd be today.
> And we see what happened to the people who tried to maintain slavery over that century - they ended up poor then economically, socially and historically humiliated.
Yes, they relied on the misery of others to drive their former wealth, but they are not the important people in that story. The important people are the ones that were no longer slaves.
And never mind that many of those former slave owners did just fine economically afterwards, after all, they already were fantastically wealthy so they just switched 'business models' and still made money hand over fist.
Slavery was already being abolished in the West when Adam Smith wrote the Wealth of Nations. But what was notable was that Adam Smith was really the first to make a strong case and prediction that it was not just the moral thing to do, but would lead to prosperity.
Adam Smith also differentiated between different levels of slavery - that Roman slavery was different than Serfdom was different from chattel slavery in the US.
It's worth noting that Adam Smith did not think total abolition was possible. One of his concerns about free markets was that people deeply desired control of other people, and slavery would increase as a byproduct of wealth.