White supremacy as the economic engine of American history
Nicholas Lemann writes: Before the Civil War, Southern slaveholders used to claim that their labor system was more humane than “wage slavery” in the factories of the industrializing North. They didn’t win that argument, but the idea took root that the South, during and after slavery, did not have a true capitalist economy. In 1930, twelve Southern writers (all white men) published a collection of essays, titled “I’ll Take My Stand,” that opened with a declaration that they “all tend…