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I agree there are challenges with economic reparations but I do want to point out that the transatlantic slave trade was different from slavery as practiced throughout human history.
It was more cruel than even slavery practiced in ancient Greece and Rome (civilizations which Western nations like to harken back to).
European colonial powers firmly believed in and propagated a global race based caste system. This itself is a crime against humanity but they put into practice the subjugation of people with darker skin, defining them as less human as justification for their enslavement.
Throughout history many civilizations thought other peoples to be inferior or barbaric. But there has not been a global race based caste system based on complexion as colonial era Europeans practiced it.
Entire fields of false science such as phrenology and eugenics sprung from this dogmatic belief in skin tone defining ones worth. The culmination of this vile 'purity' ideology was Nazi Germany and even with the end of that movement, we have not seen the end white supremacist ideology.
This is a very unique problem that still has horrific reverberations to this day. I would not be so quick to absolve European colonial powers and their descendant nation states who still benefit from neocolonialism today. Reparations is a complex issue but I think verbal acknowledgment of accountability and an honest teaching of history would be a start in those nations that have been ongoing beneficiaries of these inhumane institutions.
To summarize, I'll leave you with quotes representative of the worldview of one of the most revered figures in modern colonial/Western history:
"I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place."
"I hate Indians. They are a beastly people with a beastly religion."
"I am strongly in favour of using poisoned gas against uncivilised tribes. The moral effect should be so good that the loss of life should be reduced to a minimum. It is not necessary to use only the most deadly gasses: gasses can be used which cause great inconvenience and would spread a lively terror."
"I think we shall have to take the Chinese in hand and regulate them... I believe that as the civilized nations become more powerful they will get more ruthless, and the time will come when the world will impatiently bear the existence of great barbaric nations who may at any time arm themselves and menace civilized nations."
Winston Churchill
The only reason they didn't have an Atlantic slave trade earlier was that they didn't have the technology to do so earlier, there was virtually no transatlantic trade beforehand.
I don't think it was a particularly cruel time. My ancestors didn't have transatlantic trade, but they were among the cruelest people on Earth of any time. They certainly would have been Atlantic slave traders if they were able to, no doubt.
While I agree in part with the sentiment, I think is totally unfair to consider ancient slavery in Greece or Rome as less cruel. It was not less cruel depending on the slave in question. Slaves in mines and agricultural estates were in worse conditions then anything in American south. But if you were an educated slave then your life was indeed better. That also means that was common for slaves in ancient Rome to be able to buy freedom. Slavery was everywhere in society, so the comparison is really hard to make.
There is indeed a racial component in colonial slavery that was not present in ancient Roman slavery. A slave could be from Germany or from Syria and there was no difference in treatment.
I would say that both late trans-atlantic slavery and nazism share a philosophical root in the eugenetic movement, but both grew in parallel with different motives: in one case a justification for economic exploitation, in the other an ideological tool to enforce unity in nationalism.
The transatlantic slave trade started before the concept of race and the eugenetic movement. During the 15th century the justification was more routed in religion and the idea of having prisoner of war being better then to kill the enemy. Still and excuse for economic exploitation, but maybe more akin to what the greeks and romans were doing.