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As for slavery, there is no need for me to speak of its bad aspects. The only thing requiring explanation is the good side of slavery. I do not mean indirect slavery, the slavery of proletariat; I mean direct slavery, the slavery of the Blacks in Surinam, in Brazil, in the southern regions of North America. Direct slavery is as much the pivot upon which our present-day industrialism turns as are machinery, credit, etc. … Slavery is therefore an economic category of paramount importance.