Marx’s critical theory of slavery is the operational subtext throughout his critique of political economy. For Marx, the movement from modern slavery to capital represents a historical transition of significance, not only (or foremost) as an empirical transition but also as a transformation of social substance. Marx reveals why, in retrospect, production based on slavery, as logical configuration, must give way to the generalising logic of wage labour. Marx’s critical theory of slavery historicises wage labour (qua category) as the dissolution (...) and inversion of enslaved labour (qua category). Plantation slavery production in the colonised territories initiates a qualitative development that constitutes the historical condition for the emergence of a mode of sociality that we can call ‘value’. Marx’s theoretical account of modern slavery is a lever in his broader critique of capital and is fundamentally distinct from empirical, historical accounts. (shrink)