we all work for a company that steals from gamma employees for hundreds of years and share the proceeds with nu employees .to make amends the company gives the descendants of gamma employees a tiny fraction of what they’ve stolen as a bonus and the nu employees descendants ,who continue to profit from the previous theft by an order of magnitude more then gamma employees bonus, complain about gamma employees descendants preferential treatment being unfair
Your hypothetical fundamentally misrepresents the economics of what happened:
> share the proceeds with nu employees … nu employees descendants ,who continue to profit from the previous theft by an order of magnitude
Slaveholders were feudal lords. They didn’t “share the proceeds” with the serfs. They “privatized the profits and socialized the losses,” as we would say today. The profits flowed to a handful of families who happened to be white. But all the other white people suffered a deadweight loss. And the civil war nuked much of the south’s wealth. The war cost the south $2 billion, more than the south’s GDP and almost as much as the total value of its real and personal assets. The war also cost the union over $3 billion, an amount equal to its entire GDP. After that, there wasn’t some pool of money to generate dividends shared by all white people. Instead, there were taxes to pay for a war over something nearly all over them never benefited from.
If your ancestors were white independent farmers or sharecroppers, they were poorer for having to compete with massive plantations powered by slave labor. German Americans (the largest group of white Americans) never even arguably benefited from slavery. Half of them came here as indentured servants themselves in the 1840s. They scraped out a hard life in the midwest while having to compete with slave plantations in the south. Their biggest involvement with slavery was fighting and dying in disproportionate numbers to end it. And of course Irish, Italians, Asians, etc., came here after slavery ended.
So let’s tweak your example to reflect the reality. The C-suite of the company happened to be nu, and stole from gamma employees. They hired their nu kids as nepo babies and shared the profits with them, while underpaying the other nu employees. Eventually, some of the nu, including a large number who joined the company only recently, overthrow the C-suite and end the theft. Over the next 150 years, more nu employees keep joining the company, so today more than half have no ancestors who were even here during the theft.
Then the company creates a promotion policy where it gives a big preference to gamma employees over employees who happen to be classified as “nu”—regardless of whether the nu employee’s ancestors were even at the company during the time of the theft. Nobody would consider that a fair arrangement.
No, I'm trying to correct a poisonous misconception. Many people try to justify affirmative action based on the premise that "white people" continue to benefit from slavery economically, and that's just not true. The profits accrued to a small elite, and other white people were economically worse off than they would have been with an economy based on free labor.
The ChatGPT summary accurately captures the expert consensus on this: https://chatgpt.com/s/t_6a58046380288191b946198c5de72ce7 ("Most modern economic historians conclude that slavery enriched plantation owners but constrained the South's broader economic development. While non-slaveholding whites gained social status from the racial hierarchy, they likely had lower wages, fewer economic opportunities, less industrial development, and slower long-term income growth than they would have had in a Southern economy organized around free labor. In other words, economically they were probably worse off, while socially and politically they enjoyed privileges that would not have existed in a society without slavery.").
I’m citing ChatGPT here because I think it’s pretty good at summarizing the literature on this sort of factual question.
