Warren Buffett's Annual Letter to Berkshire Hathaway Shareholders [pdf]

Re:Warren Buffett's Annual Letter to Berkshire Hathaway Shar... by MomentarySanity on Saturday February 25, 2017 @02:40PM (#13733385)

If you think slavery was the main, or even a large driver of industrial growth, you need to explain the extreme lack of industry in places where slavery was common versus places where there was no slavery. E.g., New England versus the Carolinas, etc.

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Re:Warren Buffett's Annual Letter to Berkshire Hathaway Shar... by baursak on Saturday February 25, 2017 @03:54PM (#13733770)

http://www.pbs.org/wnet/african-americans-many-rivers-to-cro...

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Re:Warren Buffett's Annual Letter to Berkshire Hathaway Shar... by MomentarySanity on Saturday February 25, 2017 @07:46PM (#13734910)

Northern manufacturing bought cotton from slave plantations, yes. As did British mills.

However, you'll note that in the absence of southern cotton during the Civil War, these textile mills did not shut down or become unprofitable, they switched to alternate sources of cotton.

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