Things started earlier than that: https://www.youtube.com/watch?v=8Dnp7lOObjU&t=3119s&list=PLG1NADbefbENzGtVrh_bh-W6sfSWfopqS

So I’m English. I’m poor, rich, middle; who cares? It doesn’t matter. I get on a ship. I come to Virginia. If I’m free, they will deed me 40 acres of land (40 acres of land they don’t own). There’s a Native American family that owns it. I now have the deed to 40 acres of land that somebody else is using, that is farming. Because, right, we have this double think 1984 thing in our head: the Native Americans didn’t know how to farm, Europeans did; the pilgrims arrive, they don’t know how to farm, so Squanto finds them starving to death; he goes up to them he’s like “dude, what’s happening, why aren’t you growing food” and they’re like “we don’t know how” so Squanto shows them how to do Agriculture, and you may have been in a play about this, and he’s, like, planting fish in the ground to fix the nitrogen into the soil, and at the same time you hold these two contradictory beliefs: first that the Native Americans couldn’t Farm because they’re too dumb, and then second that the Native Americans taught the pilgrims how to farm, and it doesn’t occur to you that they can’t both be true! Anyway, turns out Squanto really did teach the dumb pilgrims how to farm because they were too stupid to grow their own food and were starving to death! So I walk out into Virginia; I got my blunderbuss. I’m walking out, and I see the family of Native Americans farming that land that’s mine, and I take a shot at them. They hear the bang, they run, they fight; doesn’t matter. The land will be mine; I will take it from them. There’s a crop already in the field, which is great cuz then come harvest time I’m already set, and then I just continue to farm the land. Is that amazing? All I need to do is get across the Atlantic; the rest is free (well, except for the ammo). In other words, at some level, the colonial settler project that the British unleash in what will become the United States of America was a wealth transfer scheme. There is no greater asset on the planet than real estate, right? Not Bitcoin, not stamps, not coins, not gold—it’s land! Land you can grow food, land you can build a house, land you can build a factory, land you can find gold, land you can find coal, you can find oil. Land, land, land, land! So to go from having none to suddenly having some with really nothing put into it other than you just happen to be English, and you had to commit a little act of violence, that’s a remarkable, like, leap! That’s a remarkable jump. But then, we added a layer to it. Tobacco is labor intensive. In other words, yeah, I can grow tobacco as a single person not farming, but I’m putting in a lot of hours. Now it turns out tobacco, at the time at least (I don’t know if it’s still true), the tobacco seed was worth more than its weight in gold, so this is going to make me a lot of money, but if I’m a single farmer out there doing this, it’s not really going to make me a lot of money fast. It’s better than growing yams, it’s better than growing wheat, it’s better than raising chickens for sure, but it’s hard. As soon as I have enough money, what I’ll do is I’ll put in for a mail-order bride; once she comes over, she becomes part of my labor team. Now I’m producing even more tobacco, and then she’ll incubate my next generation of labor; by the time it’s 8 or 10 years old, I’ll probably be able to get some work out of my children, and then once I have enough money, I’ll buy a mule or ox or a horse or something, and then once I have enough money, I’ll bring over an indentured servant, three, five year, seven-year contract. I have a conflict of interest with my indentured servant. In three, five, or seven years they’re going to get their freedom; I have to give them a gift as I let them go. They have every incentive not to work hard for the time they’re working for me, but I want to squeeze every ounce of labor out of them, so it’s kind of a violent event, and eventually they just start to run away (becomes a nuisance), but once we’ve developed the level of sophistication that we can support this, we start bringing over slaves (which is almost right away; it did not take long before we’re bringing over slaves).