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[UNLOCKED] Atlantic Slavery and the Plantation System w/ David McNally

Upstream

Upstream

News, Society & Culture, Politics

4.92.1K Ratings

🗓️ 3 March 2026

⏱️ 23 minutes

🧾️ Download transcript

Summary

This is an unlocked version of the Patreon episode "Atlantic Slavery and the Plantation System w/ David McNally." You can support us through Patreon here: https://www.patreon.com/upstreampodcast. Signing up for Patreon is a great way to make Upstream a weekly show, and it will also give you access to our entire back catalog of Patreon episodes along with stickers and bumper stickers at certain subscription tiers. You'll also be helping to keep Upstream sustainable and allowing us to keep this project going.

In this episode we're joined by David McNally to discuss his new book, Slavery and Capitalism: A new Marxist History, a systematic Marxist account of the capitalist character of Atlantic slavery. David McNally is a radical socialist activist and award-winning scholar. He currently holds the Cullen Distinguished Professorship of History & Business at the University of Houston. 

The conversation opens with an introduction to the idea that the Atlantic slave system and the plantation system were forms of capitalism using the example of Barbados and George Washington in Virginia to explain the industrial-scale level of this system and its position in global capitalism as a node of commodity production. We explore the idea of modes of production and what Marx had to say about colonialism and slavery before we discuss race-making as a modality of capitalist discipline during slavery. We discuss the difference between constant and variable capital and why this is important in understanding the capitalist nature of the plantation system.

We then discuss the nature of class conflict on the plantation, exploring how Atlantic bondpeople were the first workers of the industrial age to use the mass strike as a weapon of struggle and emancipation, and what this tells us about enslaved labor under capitalism. Finally, our conversation ends with an examination of the intersection of Marxism and revolutionary abolitionism in the US and how they dialectically informed one another. 

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Transcript

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0:00.0

A quick note before we jump into this Patreon episode, thank you to all of our Patreon subscribers

0:06.0

for making upstream possible.

0:08.0

We genuinely couldn't do this without you.

0:10.8

Your support allows us to create bonus content like this and provide most of our content for

0:15.9

free so we can continue to offer political education media for the public and help to build our movement.

0:22.4

Thank you, comrades. We hope you enjoy this conversation. Once we step outside the classical spaces in which capitalism emerged.

0:55.0

And we look closely at its global history.

1:00.0

All of a sudden, what we recognize is that bonded labor is incredibly widespread.

1:05.0

This could be indentured servants.

1:08.0

This could be full-fledged chattel slavery. And so long as it is commodity production

1:14.8

for world markets in which monetary fortunes are being accumulated as capital, and we see the

1:24.1

classic patterns of competition between producing enterprises, plantations on the world market,

1:31.7

reinvestment in order to improve the productivity of labor, all of these classic dynamics of capitalism.

1:37.9

Then we need to recognize that we've got a form of capitalist production with unfree or bonded labor.

1:46.0

You're listening to Upstream.

1:48.0

Upstream.

1:49.0

Upstream.

1:50.0

Upstream.

1:51.0

Upstream.

1:52.0

A show about political economy and society that invites you to unlearn everything you thought you knew about the world around you.

1:59.0

I'm Della Duncan. And I'm Robert Raymond.

2:02.1

When thinking about different modes of production, it's easy to stake out clearly demarcated

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