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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (12166)	7/23/2002 2:58:27 AM
From: Thomas M.	Respond to of 12475

All said and done, British rule was largely positive for India. Perhaps not. <<< The first such experiment was carried out shortly after Smith wrote, when the British rulers in India instituted the "permanent settlement" of 1793, which was going to do wondrous things. The results were reviewed by a British Enquiry Commission 40 years later. It concluded that "The settlement fashioned with great care and deliberation has to our painful knowledge subjected almost the whole of the lower classes to most grievous oppression," leaving "misery" that "hardly finds a parallel in the history of commerce," the director of the Honorable Company added, as "the bones of the cotton-weavers are bleaching the plains of India." ... ... By 1846, India exported no cotton goods at all, and had to import cloth from England, over four times as much as 10 years earlier. England had, at last, become pre-eminent in textile production, having succeeded in de-industrializing India by force ... ... in the dramatic and very revealing case of India, the "process of de-industrialization" that converted the industrial workshop and trading center of the world to a deeply impoverished agricultural society, suffering a sharp decline in real wages, food consumption, and availability of other simple commodities from the 18th century, a "misfortune [that] is unprecedented in the world's economic history," the most detailed modern study concludes. >>> mngt.waikato.ac.nz Colonialism is always done for the benefit of the colonist. That is why America had the Boston Tea Party and then the Revolution. Tom