The literal interpretation of the statements written by a bunch of male slave owners from an agrarian culture more than two centuries ago are about as relevant to the organization of modern society as a literal interpretation of the Bible. For clarity, that would be not very much at all.
P.S. I do wonder if belief in Cauchy sequences is one of the reasons for financial crises. Equilibrium economics is a crock of you know what. Are housing prices in Amsterdam (or Ireland) a Cauchy sequence?????