.@RadDesai explains how Britain's settler colonies (USA, Canada, Australia, etc.) were industrialized with wealth that was stolen through the surplus produced by workers in its non-settler colonies in South Asia, Africa, and the Caribbean
Full video here: youtube.com
Full video here: youtube.com
Economist Utsa Patnaik refers to this as the colonial "drain" of wealth.
The British empire drained at least $45 trillion of wealth from South Asia.
"The modern capitalist world would not exist without colonialism and the drain"
livemint.com
The British empire drained at least $45 trillion of wealth from South Asia.
"The modern capitalist world would not exist without colonialism and the drain"
livemint.com
The British empire industrialized its settler colonies like the US, as well as other parts of Europe, by exporting capital that had be drained from its non-settler colonies.
This especially came from South Asia, where the UK stole its gold and foreign reserves and imposed debt
This especially came from South Asia, where the UK stole its gold and foreign reserves and imposed debt
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