
Why Capitalism Needs Imperialism To Drain Wealth From the Global South, w/ Marxist Economist Utsa Patnaik
Rania Khalek Dispatches
00:00
The Importation of Cotton Textils in India
I have not taken account of de industrialization, ihave taken the export surplus as the measure. What is export surplus? It is exports of our commodities minus what we port from the colonizing country. So if i takthe imports from the metropolitan power and subtractide from our exports, i'm actually underestimating the adverse impact. I've not taken account i could have taken account of it by saying that, you know, india was the largest producer of cotton textils in the world,. And it produced the raw cotton. Britain had to import the raw cotton; India couldn't produce law cotton itself. The reason was that the british market was closed to indian text
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