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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

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

Philip Roscoe | The Conversation
When the infamous Zong trial began in 1783, it laid bare the toxic relationship between finance and slavery. 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.
The Gregsons, claimants in the Zong trial, were merchant princes of 18th century Liverpool, a city that had quickly

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First Published: Aug 24 2020 | 9:05 AM IST

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