Yes, this sick fetishisation of money-making ventures, and the enshrinement of corporations, having rights as persons, while at the same time, the money-obsessed Europeans, as you say, refused to recognise people of a darker hue as human. aThis conveniently gave them the excuse to base their entire economies on the most extreme forms of exploitation. - enslavement, and sexual relations as a profit making venture, producing children of the enslaved mothers, to add to their repository of profit-production.