How human trafficking and bonded labor make capitalism possible

How human trafficking and bonded labor make capitalism possible

How human trafficking and bonded labor make capitalism possible

Did capitalism end slavery, or is labour exploitation necessary for capitalism to exist? And why are there so many victims of trafficking and modern slavery today? In this talk, Professor David Bishop from The University of Hong Kong explains how most human trafficking and modern slavery stem from globalization and the desire to chase cheap labour. Most trafficking happens in the form of “debt bondage” or “bonded labour,” which is prevalent throughout the world. But it is a particularly large problem throughout Asia, and must immediately be addressed. David Bishop divides his time between the two avenues of law and business. He is a practising solicitor, most notable for his keen focus on corporate social responsibility, with projects ranging from a support network for migrant workers in Hong Kong to soap recycling for communities lacking basic sanitation in Asia. He is currently Principal Lecturer at HKU on business law and ethics and teaches the international MBA program at Fudan University. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

 

Watch lecture here.