The Drain of Wealth

The Western European powers appropriated economic surplus from their colonies, materially and substantially aiding their own industrial transition from the eighteenth century onward, as well as the diffusion of capitalism to the regions of new European settlement. In the case of India, the concept of drain is based on the fact that a substantial part of its earnings was never permitted to accrue to the country; it was instead appropriated by the ruling power: Britain

Capitalism · Earnings · Economic history · Economics · Economy · Political economy · Political science · Politics · Power (physics) · Settlement (finance) · Finance · Global Financial Crisis and Policies · Historical Economic and Social Studies · Law

• Global Reparations within Capitalism

  Open Access•Ndongo Samba Sylla, A M Fischer et al.•Development and Change•2024

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