Colonialism

They (The colonizers) have always treated their poor like tools and bonded. Capitalism rose not based on colonial plunder and slave labor, but based on brutalization of its own peasants, craftsmen, artisans and other working people by 'freeing' them from the means of their labor and forcing them into wage slavery by draconian laws. Colonial plunder and slave-trade were subsequent additions in the development of mercantile capitalism that emerged not with the change in the methods of production but with the change in the relations of production and paved the way for the rise industrial capitalism. Rise of America as an economic power in the early 18th century with Virginia boom was not based on slave labor, it was costlier as the 'black skins' did not live longer, because had not yet acclimatized to  the new environs. It was based on English indentured labor who were not treated any better than slaves. They could be exchanged, put on stake and many of  them starved  or torturered to death as their freedom would be due. It was only after 1720s when the supply of indentured labor from England dried out and 'black skins' started living longer, it shifted to slave labor and its crony intellectuals  constructed the theory and ideology of Race.