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April 25 - August 18, 2020
(it is striking that when slavery was abolished, the British government paid compensation, not to the men and women so inhumanely pressed into bondage, but to their former owners, for their ‘loss of property’!)
W]hen we kill people,’ a British sea-captain says in the Indian novelist Amitav Ghosh’s Sea of Poppies, ‘we feel compelled to pretend that it is for some higher cause. It is this pretence of virtue, I promise you, that will never be forgiven by history.’
As Durant wrote: The British conquest of India was the invasion and destruction of a high civilization by a trading company [the British East India Company] utterly without scruple or principle, careless of art and greedy of gain, over-running with fire and sword a country temporarily disordered and helpless, bribing and murdering, annexing and stealing, and beginning that career of illegal and ‘legal’ plunder which has now [1930] gone on ruthlessly for one hundred and seventy-three years. The Conquest of India by a Corporation
At the beginning of the eighteenth century, as the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb’s treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent. The reason was simple: India was governed for the benefit of Britain. Britain’s rise for 200 years was financed by its depredations in India.
Britain’s Industrial Revolution was built on the destruction of India’s thriving manufacturing industries. Textiles were an emblematic case in point: the British systematically set about destroying India’s textile manufacturing and exports, substituting Indian textiles by British ones manufactured in England. Ironically, the British used Indian raw material and exported the finished products back to India and the rest of the world, the industrial equivalent of adding insult to injury.
India had enjoyed a 25 per cent share of the global trade in textiles in the early eighteenth century. But this was destroyed;
The British monopoly of industrial production drove Indians to agriculture beyond levels the land could sustain. This in turn had a knock-on effect on the peasants who worked the land, by causing an influx of newly disenfranchised people, formerly artisans, who drove down rural wages. In many rural families, women had spun and woven at home while their men tilled the fields; suddenly both were affected, and if weather or drought reduced their agricultural work, there was no back-up source of income from cloth. Rural poverty was a direct result of British actions.
India’s share of world manufacturing exports fell from 27 per cent to 2 per cent under British rule.
Taxation (and theft labelled as taxation) became a favourite British form of exaction. India was treated as a cash cow; the revenues that flowed into London’s treasury were described by the Earl of Chatham as ‘the redemption of a nation … a kind of gift from heaven’. The British extracted from India approximately £18,000,000 each year between 1765 and 1815.
There are few kings in Europe’, wrote the Comte de Châtelet, French ambassador to London, ‘richer than the Directors of the English East India Company.’
Taxation by the Company—usually at a minimum of 50 per cent of income—was so onerous that two-thirds of the population ruled by the British in the late eighteenth century fled their lands. Durant writes that ‘[tax] defaulters were confined in cages, and exposed to the burning sun; fathers sold their children to meet the rising rates’. Unpaid taxes meant being tortured to pay up, and the wretched victim’s land being confiscated by the British. The East India Compa...
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Colonialists like Robert Clive, victor of the seminal Battle of Plassey in 1757 that is seen as decisively inaugurating British rule in India, were unashamed of their cupidity and corruption. On his first return to England Clive took home £234,000 from his Indian exploits (£23 million pounds in today’s money, making him one of the richest men in Europe).
By the end of the nineteenth century, India was Britain’s biggest source of revenue, the world’s biggest purchaser of British exports and the source of highly paid employment for British civil servants and soldiers all at India’s own expense. Indians literally paid for their own oppression.