The slave morality does not represent all morality to date. Plato's and Aristotle's moralities were not notably biased toward attaining equality or valuing suffering. They were master moralities. You can see where they lost out on the path from Ancient Roman to modern scientific society -- those arguments are still good arguments.
Nor are the two irreconcilable opposites, as many who interpret Neitzsche automatically assume. Several people have taken this challenge seriously and tried to devise moral stances that bridge this distinction and make an even better set of norms. I would point you toward the 'softer side' of Alistair Crowley (Liber Aleph Naught) and pacifist feminists like Starhawk, who inject a multi-faceted notion of power that tries to explain why slave morality garners the power that it does by renouncing power, and to retain the strengths of both slave and master moralities, displacing the artificial master projected by most slave moralities.
Somewhat Bowdlerizing the latter position:
1) Slave morality is a form of power that draws from shared reactions to more naked forms of power, it pulls strength from the weak, but from a very broad base, and ultimately overpowers individual masters and takes control of systems of mastery, making them paranoid, guilty and ineffective.
2) Unfortunately it unconsciously depends for its own internal logic upon the notion of a master more deserving than any real and existing master.
3) At the same time, people who are still masters channel that image and distort it into tools that actually maintain the same kind of institution in a different form.
4) Displacing that false master from control of our cultural institutions undercuts the weight of slave morality, which is, as Nietzsche foresaw, destroying our ability to make sense of things and act decisively.
5) It also prevents the holders of power from having a ready cookie-cutter model of acceptable oppression to guide them, giving them the right set of buttons to push to activate deeply channelled instincts in the population.
Therefore: We need a clear respect for power and will, guided by a broader notion of care and empathy. We should be rightly selfish and self-aggrandizing, in the clear understanding that we are all parts of one another.
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