From a Wall Street Journal editorial today by Roland Fryer, a black economics professor at Harvard who also is a fellow at the Koch-funded Manhattan Institute,
American slavery ended as it began—by brute force—yet debate over its modern economic and social aftershocks continue. For two decades I have asked my Harvard undergraduates whether slavery harms them today; they invariably answer yes. Pressed for specifics, they cite lack of wealth creation, neighborhood segregation, or lingering notions of black inferiority once used to justify bondage. But when I request empirical proof, the room goes silent.
I then point them to the brilliant work of economist Nathan Nunn, whose data-rich studies quantify slavery’s enduring drag on economic growth, inequality and social capital. Parsing evidence from Africa to U.S. counties, Mr. Nunn finds a clear pattern: The heavier a region’s slave reliance in the 1800s, the worse its economic performance today. Within the U.S., for instance, low-slave states such as Maryland and Missouri outearn high-slave states like South Carolina and Louisiana even 1½ centuries later—differences that persist after controlling for education, urbanization and other confounding variables.
Mr. Nunn’s most striking evidence concerns trust, and his approach to causality is as impressive as the result. He exploits a quirk of geography: In the 19th century, regions cut off by rugged terrain or far from navigable rivers were too costly for slave raiders on horseback to reach, so they supplied far fewer captives. By using this natural variation in accessibility, Mr. Nunn isolates the slave trade’s causal effect. Communities with the heaviest historical slave exports now report the lowest levels of trust—toward neighbors, other ethnic groups and their own governments. That distrust is no historical footnote; it remains a brake on social capital formation and growth. The institutions themselves may function well, Mr. Nunn argues, but the culture shaped by the slave trade, and stories handed down through generations, still affects how people perceive others, and institutions, today.
https://www.wsj.com/opinion/the-econ...nion_lead_pos9
I'll add that Jim Crow laws and the like after the end of slavery continued to affect the economic well being of many black Americans.
And it's not just economic effects of slavery that persist until today. Look at homicide rates in those countries in the Caribbean and Africa and states in the USA where slavery was most common. And also countries in Latin America where Spanish oppression of native peoples was equivalent to enslavement. They're higher than in places on the three continents where slavery was less common.
The institution of slavery ended over 150 years ago. Its legacy unfortunately continues. I don't know what the solution is. Perhaps esteemed board members have some ideas.