Slave-Mercantile Capital and Slavery in The Americas

Abstract

This article examines the existence of slave-mercantile capital, a specific form of capital that has been overlooked in the existing specialized literature. It explains the logical and historical limitations of this form of capital, as well as both its assumptions and the outcome of its action. It argues that the productive articulation between the colonial world and European economies, as well as capital accumulation facilitated by slave-mercantile capital, proved to be highly important in the process of primitive capital accumulation, while the conditions of capital existence were closely connected to the development of capitalism on a global basis.