Ringo
Gold Member
In Great Britain, it is often said that the colonization of India, no matter how terrible it was, did not bring great economic benefits to the British Empire itself. In any case, the administration of India itself was a payment to Britain. Thus, the fact that the empire lasted so long, as the story goes, was a gesture of British goodwill.
A new study by the well-known economist Utsa Patnaik, recently published by Columbia University Press, deals a crushing blow to this narrative. Based on almost two centuries of detailed data on taxes and trade, Patnaik estimated that the UK withdrew a total of about $ 45 trillion from India between 1765 and 1938.
The modern capitalist world would not exist without colonialism and the plunder
A new study by the well-known economist Utsa Patnaik, recently published by Columbia University Press, deals a crushing blow to this narrative. Based on almost two centuries of detailed data on taxes and trade, Patnaik estimated that the UK withdrew a total of about $ 45 trillion from India between 1765 and 1938.
The modern capitalist world would not exist without colonialism and the plunder
British Raj siphoned out $45 trillion from India: Utsa Patnaik
Economist Utsa Patnaik says West should set aside a portion of its gross domestic product for unqualified annual transfers to developing countries
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