My latest at Mises Canada. To entice you, I’ll just quote the concluding paragraphs:
The above story is just to get the logic across. I am trying to show why, IF we agree with Mises that slavery is unproductive relative to free labor, that it could not last in an otherwise free market economy. Over time, incremental moves such as the above would transform the slaves into self-owners, because that would be the most efficient outcome, setting aside moral considerations.
Think of it like this: Imagine if, during the night, gnomes took all of the cartons of cigarettes from the homes of smokers, and deposited them in the homes of non-smokers. The legal system now said that the non-smokers were the owners. Wouldn’t market forces soon move the cigarettes back into the possession of the smokers?
By the same token, under a free market economy, if for some reason the property titles to particular human beings initially started out in the hands of other people, market forces would soon return everyone to a state of self-ownership.