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There's an old West Virginia saying that if a mule dies, the mine owner is out the price of the mule, but if a miner dies he only has to hire a new one.

I do agree that slavery in modern economies is obsolete.  It costs more to house, feed, and care for slaves than it does to hire poor (and even children) to work for little to nothing, and then get rid of them when they are no longer useful.  In capitalism, what is economically right is what is morally right.