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Chairman-Mao said:

No, because its cheaper to just pay workers than it is to pay people to keep the slaves in check (make sure they don't try to revolt). 


What if it weren't then? What if in the future there were this cheap technology/pill that controls/drugs a person into doing what you want, and you didn't need someone to keep them in check? Would you then embrace slavery?

More generally, is your position against slavery a purely economical one, or do you also think it's ethically wrong?