The Confederacy was the Great-Great-Great Grandaddy of Trickledown Economics

Gil Friend shared this on FB and it seemed some folks here might appreciate it…

Excerpt:

"What the flag symbolizes for blacks is enough reason to take it down. But there’s another reason that white southerners shouldn’t fly it. Or sport it on our state-issued license plates as some do here in North Carolina. The Confederacy – and the slavery that spawned it – was also one big con job on the Southern, white, working class. A con job funded by some of the ante-bellum one-per-centers, that continues today in a similar form.

You don’t have to be an economist to see that forcing blacks – a third of the South’s laborers – to work without pay drove down wages for everyone else. And not just in agriculture. A quarter of enslaved blacks worked in the construction, manufacturing and lumbering trades; cutting wages even for skilled white workers.

Thanks to the profitability of this no-wage/low-wage combination, a majority of American one-per-centers were southerners. Slavery made southern states the richest in the country. The South was richer than any other country except England. But that vast wealth was invisible outside the plantation ballrooms. With low wages and few schools, southern whites suffered a much lower land ownership rate and a far lower literacy rate than northern whites…

How did the plantation owners mislead so many Southern whites?

They managed this con job partly with a propaganda technique that will be familiar to modern Americans, but hasn’t received the coverage it deserves in our sesquicentennial celebrations. Starting in the 1840s wealthy Southerners supported more than 30 regional pro-slavery magazines, many pamphlets, newspapers and novels that falsely touted slave ownership as having benefits that would – in today’s lingo – trickle down to benefit non-slave owning whites and even blacks. The flip side of the coin of this old-is-new trickle-down propaganda is the mistaken notion that any gain by blacks in wages, schools or health care comes at the expense of the white working class."

https://www.mcclatchydc.com/opinion/article136803208.html

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