Discussion about this post

User's avatar
Peebo Preboskenes's avatar

It's ridiculous to state Britain was responsible for 50 million Indian deaths and $45 trillion in theft. Britain created the modern Indian state. Throughout the 19 century Britain ran massive infrastructure projects in India including trains, roads, bridges, power, etc as well as administrative infrasctructure without which India would have never developed into a modern-ish state. India's population is now 1.5 billion so even if we assume Britain was somehow responsible for that many deaths (a questionable assertion) India has certainly more than recovered. The Green Revolution helped India grow to the point where they have far too much population: 1.5 billion on a piece of land 1/3 the size of the USA.

Such claims should be considered in this light. Of course it's the fashion today to declare colonialism was always and only a pure and unadulerated evil but the picture was actually far more mixed and complex - especially in the case of the British Empire.

It would be odd if India's GDP was small given the size of its population. It's also important to note that GDP is not a very good representation of the health and strength of an economy. GDP measures all kinds of unproductive economic activity. In the US the FIRE sector makes up a massive percent of GDP yet much of that is extractive and unproductive rentier activity such as interest payments, financial speculation, inflationary asset valuations, health insurace premiums, medical bills etc. I'm not sure what the ratios are for India. If we only measure productive real economy activity and remove rentier income and costs China's economy is significantly larger than the US. I'm not sure where India fits in that picture. The one area the US has historically excelled is in technical innovation. That lead has diminished greatly in recent years but it definitely outstrips India in this regard.

I would recommend that rather than take the claims of a single Indian economist at face value it would be helpful to study the writings and podcasts of MIchael Hudson and Radhika Desai if you wish to gain a greater understanding of these issues: https://www.youtube.com/results?search_query=michael+hudson+radhika+desai

Expand full comment
1 more comment...

No posts