Who Benefited from the British Empire?
Gresham College Lectures
00:00
The Importance of Domestic Markets
Hobson saw two England's. In the south, consumers England living off investments with conspicuous waste and ostentatious leisure which called into being trades based upon their patronage. Meanwhile in the north, a producer's England was based on industry in which well to do workers were engaged with skills supporting economic and social reform. So neurology saw two empires, so two India's. Imperialism was a parasitical distortion of the economy. It is idle to attack imperialism as political expedience or policies unless the axe is laid at the economic root of the tree.
Play episode from 18:19
Transcript
