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How the shadow of slavery still hangs over global finance opportunities

The slave trade pioneered a new kind of finance, secured on the bodies of the powerless

Topics
Slavery | UN report on modern slavery | corporate

Philip Roscoe | The Conversation 



trade, export, container, import, shipping, sea, business, seafarer, merchan navy
From the point of view of merchants, the Atlantic trade was slow, unreliable and risky.

When the infamous Zong trial began in 1783, it laid bare the toxic relationship between and . It was an unusual and distressing insurance claim – concerning a massacre of 133 captives, thrown overboard the Zong slave ship.

The slave trade pioneered a new kind of finance, secured on the bodies of the powerless. Today, the arcane products of high finance, targeting the poor and troubled as profit opportunities for the already-rich, still bear that deep unfairness.

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First Published: Mon, August 24 2020. 09:05 IST

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