Explaining History

Colonial wealth transfers: A New Analysis


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Question:What would have happened to Europe in the past two and a half centuries if it hadn't plundered the global south? What would have happened if Europeans had paid for the labour of Africans instead of stealing it? What would have happened if they had purchased cotton, tea, spices and other commodities at a price that reflected the labour used to produce it?


Answer: Europe would be one of the poorer regions of the world


Thomas Piketty, the world renowned economist and author of Capital in the 21st Century has produced a new study of the economic dynamics of 19th and 20th Century imperialism. You can access it here





*****STOP PRESS*****


I only ever talk about history on this podcast but I also have another life, yes, that of aspirant fantasy author and if that's your thing you can get a copy of my debut novel The Blood of Tharta, right here:






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Explaining HistoryBy Nick Shepley

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