Arguing that racial slavery was a foundation of the modern world and of capitalism, this essay details the historical ways in which the organization of debt and credit networks were integral to the Atlantic slave trade. The author contends that the enslaved body of the African was itself commodified and, as such, opened new technologies of rule. Contemporary forms of commodification, indebtedness, and saturation, the essay concludes, draw from some of the ways in which the enslaved black body was ruled.

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