What do slave owners and oil CEOs have in common? According to The Nation’s Chris Hayes, both everything and nothing.
In his article “The New Abolitionism," he explains that at the time of the civil war, slavery was a $10 trillion industry which wealthy southerners depended on for subsistence. Doing some interesting mathematical guess-timating which I am unqualified to question, Hayes determines that the fossil fuel industry is also worth about $10 trillion.
Coincidence? He thinks not.
In case you were flabbergasted by Hayes’s audacity comparing frackers with men who owned, abused, and exploited other human beings, rest assured: Hayes explains he knows the two are unworthy of comparison.
However, that doesn’t stop him from noting “similarity” after “similarity." He goes through the history of each, explaining the selfish greed of slaveowners and oil moguls, and how slavery was an outdated method of production, just like oil has become in the modern age: