bs2@JayatiGhosh
> #Patnaik.. provides a language.. to grasp not only the historical ‘drain’ of wealth which has underwritten the economic trajectories taken by #Britain and #India. the continuity of #imperialism.. where it operates through policies that reduce purchasing power (especially.. in the #GlobalSouth) by cutting government expenditure, or disproportionately taxing non-capitalist classes as opposed to transnational corporations and wealth elites.
https://globalsocialtheory.org/thinkers/patnaik-utsa/
#PatnaikUtsa
PATNAIK, Utsa
Utsa Patnaik challenges orthodox economic histories of Britain’s industrial transition and the relationship between Britain and colonised India. Central to her work is a revisiting of ‘the drain of wealth’ whereby Indian producers received payments for exported goods from the taxes they had themselv