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Slavery as an industrial system

Note 11 — Chapter IV · AGRICULTURAL TRIBES.

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We cannot, therefore, agree with Adam Smith, who asserts that in those countries where slaves are employed, it would be more profitable to employ free labourers, and that it was, in general, pride and love of power in the master that led to the employment of slaves11. A free labourer, it is true, is more interested in the work he has to do, and therefore likely to do it better, than a slave; but in those countries where there is an abundance of fertile soil, and capital is of little use, free labourers cannot be had; every freeman prefers working for himself, or perhaps not working at all.

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