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The Labor Party acknowledges that the historical exploitation of colonized nations, Indigenous peoples, and the transatlantic slave trade created generational economic disparities that persist today. The extraction of labor, wealth, and resources built the foundations of modern economies in the United States, Europe, and other colonial powers while systematically impoverishing Black, Indigenous, and formerly colonized communities.
Although the United States eventually declared independence from European colonial rule, many economic and political structures established under colonialism persisted. Through trade dependencies, financial entanglements, and geopolitical pressures, both the United States and former European empires continued to profit from slavery, territorial conquest, and labor exploitation. Former colonial powers simultaneously limited U.S. industrial development while benefiting from the nation’s participation in oppressive systems.
The Labor Party recognizes that reparative justice must be pursued domestically and internationally, ensuring that U.S. taxpayers are not burdened with redress. Former colonial powers that initially profited from slavery and resource extraction must be held accountable for their foundational role in creating today’s racial wealth disparities and systemic inequalities.
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