#Mises explains:

"The abolition of slavery and serfdom is to be attributed neither to the teachings of theologians and moralists nor to weakness or generosity on the part of the masters…. Servile labor disappeared because it could not stand the competition of free labor; its unprofitability sealed its doom in the market economy."

The logic is simple, a slave-hunting business, can not operate in a free market since they're paying the price of coercion on top of other expenses. The price of war and guarding can only be paid by the #state. and doesn't that make sense now?

#grownostr #libertarianism #capitalism