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by spacebanana7 702 days ago
My personal view is that military adventures were generally a drag on economic growth that never paid for themselves.

People at the time argued slavery, resource exploitation and trade were economically important and could only happen through imperial strength.

But I’d argue that 1) those things generally happened anyway post independence 2) labour / resource costs aren’t that important for long run economic growth.

1 comments

Sorry, but personal views? This is a matter of history. These companies made obscene profits for their owners. India and China were looted.
It’s possible to loot and burn a country without creating much net economic value.

William Jardine’s subjugation of China made him a lot of personal profit, but it’s dubious his enterprise ever paid enough tax to cover the cost of the opium war. Sending navies across the world is expensive.

> It’s possible to loot and burn a country without creating much net economic value.

And remember: pillage before you burn…