Comment by sbmthakur
10 hours ago
The navy absolutely was key. But apart from that mercantilism was instrumental. They used trade companies, the most famous being the East India company, as front which allowed the government to deflect responsibility coming their way and this incentivized the moneyed class in Britain as they could "invest" in the colonial loot.
Aren't all empires extractive? How is that supposed to be distinctive to Britain?
If you compare Thailand (never colonized) with India pre-independence, they look about neck-and-neck in terms of development. At a glance, it seems Britain "looted" India to about the same degree that the Thai monarchy "looted" Thailand.
https://ourworldindata.org/grapher/augmented-human-developme...
IIRC India's GDP was approx. 25% of the world's in 1700s compared to Thai 1% around the same time. In case of India it came down to 3 to 4% in 1947. So India faced quite a drop.
I don't think comparing an already declined India to Thai is a fair comparison.