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Imperial Measurement: A Cost–Benefit Analysis of Western Colonialism
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Imperial Measurement: A Cost–Benefit Analysis of Western ColonialismKristian Niemietz looks at the economics of imperialism, drawing on data from various European colonial empires to cast doubt on the claim that empire was a crucial factor in the Wests rise to prosperity. Instead, far from being a story of plunder leading to sustained growth, the story of empire is an all too familiar tale of vested interests using the state to secure private benefits while leaving the taxpayer to foot the bill.
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