Economic Update: The Economics of Colonialism Pt. 1 - The British Empire
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- เผยแพร่เมื่อ 9 ต.ค. 2022
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[S12 E39] The Economics of Colonialism Pt. 1 - British Empire
This week's show focuses on an analysis of capitalist colonialism that begins with the passing of Queen Elizabeth as a monument to the passing of the British Empire itself. Wolff discusses the differences between pre-capitalist and capitalist colonialism, the goals of capitalist colonialism, the development of a world economy, examples of India, US, and Kenya, the centrality of independence for ex-colonies, and neo-colonialism.
*Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: / democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts!
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SOURCES FOR SHOW SEGMENTS:
1. www.theguardian.com/news/2016...
2. www.theguardian.com/books/200...
3. en.wikipedia.org/wiki/America...
4. Richard D. Wolff, The Economics of Colonialism: Britain and Kenya, 1895-1930. New Haven and London: Yale University Press,1974
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"The sun never sets on the British Empire" - to which the Scottish retort was "Yes, because God doesn't trust them with the lights out"
😹💖
🤣🤣🤣
Perfect!
As a Scot, I would have to concur. I knew things were horrendous but this is utterly shocking and, add to that, all the sycophantic, lying deference about the queen's death. It makes me sick to the stomach.
That was funny.
I'm a Kenyan. I feel honoured that Professor Wolff has in his possession first hand information about the Economic history of the country of Kenya. This is information and writings, that those in knowledge building and dissemination, could make known to the young in Kenya. That starts with me.
Well Kenyan faith will be the same in the future to the Somalian where the Arab belief have taken over most of the African continent ...from Egypt, Tunisia, Morocco, Mali, Somalia, Algeria, Libya, Mauritania, Comoros, Sudan,Mayotte, Djibouti, Niger, Guinea,Senegal, The Gambia and now they coming to Kenya and Nigeria ...
You are Kenyan. It is reported in Al Jeezera that the Kenyan presidential election was marred by "chaos"when the electoral commissions vice chair and three commissioners said that they could not support the "opaque nature" of the final phase and police were called in to restore order at the tallying halls as violence broke out.
Thats the problem with Africa's politics. Nepotism is rife, tribalism and corruption are second nature to these powerful people leaving the ordinary voters wondering if their vote had any meaning at all and why their lives never improve under the governance of such a self serving bunch of looters and fraudsters.
He does not. He just lied about it
@@ExPwner how do you know he’s lying
@@ExPwner coz capitalism saved Kenya? Livin in your fantasy heh
As someone born in Taiwan and raised in Hong Kong, I have lived in the shadow of colonialism all my life.
Having seen many Taiwanese and Hong Kongers feel disgusted by their Chinese identity, and wish to return to the "good old days" when they were colonized by the Japanese (Taiwan) and the British (Hong Kong), I must admit that the poisonous torment of colonialism can last for more than a hundred years and span generations. Alas, it is heartbreaking. As a Chinese, I would like to see my compatriots be strong and united against any form of colonialism, and be able to say, "Never again!"
Being Puerto Rican I understand you very well. We have been a colony for two Empires. More than 500 years of colonialism. It begins with Spain and these last 124 years with the United States. As for today, the majority of our people think and vote for two parties who believe we should continue with the status quo. It is depressing to say the least.
Does that include Han colonialism?
@@Rodrifuuu How I wish the Han people can colonize the West and the place where you are living...
@diey0utube That's the kind of stuff I call your mother, not strangers on youtube.
@@Rodrifuuu (1) Most (90+%) Taiwanese and Hong Konger are Han Chinese. (2) Since Han people are natives on their homeland, what "Han Colonialism"?
Brilliant presentation Professor Wolff! Please create a curriculum for high school economic classes. High school social studies teachers are not prepared to teach the truth about capitalism.
High school social studies teachers are not ALLOWED to teach the truth about capitalism.
“History has to be balanced, otherwise it becomes distorted,” he said. And boy is the history that they teach at the American schools distorted! To the point that it is the opposite from the truth!
Richard Wolfe is our own messiah who educates millions around the world of realities kept hidden by powerful western propaganda media
The world and its perception is woven with pride and prejudice all over; great people like Richard Wolfe help us keep our minds and eyes wide open
@@grandwonder5858 it is not difficult to understand why the American history lessons are distorted, to hide the truth of its ugly past.
Thank You Professor Wolff. So well explained the history of colonialism 🙏
Regrettably the story of British colonialism is contextualized much further back and beyond England and Belgium. Slavery has been around for thousands and thousands of years. Hopefully more historical truth will also be shared
There has been hundreds of studies done on the economics of colonialism. What nobody is doing is the economics of modern royal families and dynastic families on how much wealth they have and how they accumulate and manage it, including modern day extraction.
The theory behind the American Revolution was to prevent royalty and aristocracy control of property which was essentially agriculture; the rise of a wealthy class in America was driven by technological innovation (steam industrial development after the Civil War and digital development during the Cold War). The gilded age of the 1890's was moderated by the Progressive movement led by President Theodore Roosevelt, but insufficient to prevent the Great Depression that was moderated by President Franklin Roosevelt with the New Deal and WWII. The current excessive wealth inequality of the tech barons will be moderated after much political reorganizing reassert the right of common people to vote and change the Constitution with ending corporations and religions asserting the rights of natural born persons.
Since the ‘new’ capitalist wealth & the ‘old’ dynastic wealth hide behind the same secrecy & privacy legal structures, that system will, in the interests of avoiding or evading both new means of taxation and tax collection, spend vast sums & employ the best people (in or out of govt) to ensure that nothing changes.
@@ComeCleanAmerica - Wealth is the marriage of energy & power within the limits of environmental support. The original energy base of Europeans in N.America in the 17th & 18th centuries was mainly human labor - including slaves, indentured servants & children on family farms - supplemented by animals, wood-burning, whale oil, gunpowder & wind-powered ships.
This was the energy base upon which the wealthy propertied interests codified their expanding empire in our Constitution. Unlike references in the Declaration to governing w/ the consent of the governed, the Constitution provided for govt w/ the consent of the governing -
It enshrined private property, preserved slavery (eliminating the British abolition threat & transferring colonial slave patrols from colony to state jurisdictions without national govt interference), and provided the legal structures needed to continue ‘colonial-settler’ westward expansion (designating territories & admitting them into the union after completion of ethnic cleansing).
@Mike are you the same MM at Berggruen?
@@mikemccarthy1638 Marriage is not a valid empirical economic relationship but a social contract; also human labor consumed energy. Nice sounding metaphors do not necessarily depict reality.
Thank You For this Video. It was really very Nice & Informative. God Bless You For Speaking the Truth. The World Needs Good Human Beings Like Yourself for the Victory of Truth & Justice.Thank You.
One of the most accessible expositions of the topic for popular consumption. Thank you, and looking forward to part 2.
Accessible, but deeply flawed. See my comments above.
Not only Kenya, the British did that in Sri Lanka. Appropriated agricultural land from the Indigenous to grow Tea and Rubber. Railroads were constructed to ship the Tea and Rubber. The entire nation starved from 1793 to 1948. They left the country in perpetual debt. Still trying to recover in 2022.
for Britain the opium war created a lot of happiness in Britain and a lot of misery in China . It is only the powerless that are punished for their crimes for the powerful they get rich and appears like a blessing
You get put in jail for possession of narcotics, but if you are a company (East India company)or you are a country (British Empire) then it is OK. Might makes right.
@@subutaibaghatur4329 Perfect reply!
BBC. . Backdoor burglar corporation! Came as a trader,created chaos like a trifler in the end become the dividing ruler!
Thank you Prof Wolff! I feel more educated than a hour ago! Can’t wait for part two! I love the way you teach ❤
Responding to your comment to engage the algorithm
After listening to Prof. Wolff's personal Kenyan anecdote, I have one of my own. As a merchant marine officer I was there in Mombasa twice in the late seventies. After listening to Prof. Wolff's commentary I now marvel even more at the immense warmth and acceptance of the local people that I felt when I was there. It now makes me ashamed for my youthful ignorance and smug presumption that I must have unknowingly demonstrated when I was there.
What are you talking about Wolff. Most of those national liberation movements are all capitalist countries.
Prof Wolff..respectfully you did not mention annihilation of Sikh Empire ( An exemplary state/ kingdom) during your India comments n Gandhi was not the fighter, it was Sikhs,Hindus,Muslims together brought English to their leaving the destroyed sub continent. English still has not returned stolen treasury to Sikhs and their homeland..
Thnx as always for the best educative lessons..been following you over 8 years..0ls KKP it up nbest 4 now..
Please do more shows on Colonial Settlement, never a word on this during my early education.
It is a tale of blood spilling and brutality exposing the worst of human moral decay. The spiritual death of a social class in power exposes its raw face of parasitic abuse of the living. Nothing more than that. Nothing less. Marx is present as ever when we see the consequences.
look at australlia aswell
Extremely precise observations by professor!
What makes you think you have ever been educated, or are being educated now?
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Love the Wolff!
Absolutely America needs a lesson on colonialism and empire.
As an American I am sorry for the elimination of blood sacrifices some 20000 a year in the Aztec empires. I'm sorry for bringing modern medicine to Native Americans and I'm sorry for bringing literal stone age people out of the paleolithic into the modern era in less than 200 years.
Thank you for this excellent presentation.
As a Zimbabwean born from an Indian born mother it's sad to see that after the former colonies gained their independence in Africa the people are now colonized by the greedy politicians who don't care about developing their own economies and care only about developing their personal bank balances.
It's a sad reality knowing that the true economic potential of a country is in the hand of a few individuals in power.
Hopefully we all will learn from the past to create a better future for the next generation
Well said. From one colony to another.
Economies give space for human greed to flourish in individuals. This is why civilizations fall apart over time as the greediest most ruthless people come to be in charge. And whatever they are in charge of will be run in the interests of the greediest most ruthless people a society can produce.
Yes!
George Galloway joked the sun never sets on the British Empire was an Irishman would never trust an Englishman in the dark.
I dont wanna sound like one of them colonizers/seperatists, but the Irish and Scottish people would prolly be better off being independent from the British reign.
Or another version of it.
The sun never sets on the British Empire because even God doesnt trust them in the dark
Thanks!
Really enjoyed this one. Thank you!
One of the best teachers I have ever seen by far.
Super like 👍
Thnx 😊 for makeing this video
Loose or tight is all of our choice. Richard Wolff thanks for learning them.
Loking forward to the next presentation.
Your framing from colonialism to neocolonialism was amazing! Thanks Dr Wolff : )
Excellent work Prof Wolff
This is one of the best episodes I’ve seen
thanks again .Prof Wolff-
Great show!
great video ..thanks professor 👍🏻
The psychological feelings of 'we are better, your ways are inferior, to be somebody this is how you need to dress, eat , talk and act' are seated very deep.
This has to be understood as a lot of money is spent in continuation of these ideas through fashion magazines, celebrity, newspapers etc to set role models and these are admired.
One needs to examine and understand how this mindset is created and how these programs are maintained in subtle ways. The laziness to learn the history, how these ways of exposing the underlying mechanics are not taught in schools make the very people worship the things that imprison them into set ways that keep them in the dark.
A series of how people get trapped, kept trapped in closed systems without seeing how to be free is helpful, explained in simple Emglish.
These ways can be continuation of abuse in families, psychological forms of domination in relationships etc, as the mechanisms are basically have the same flavour.
Check out Gabor Mate - The Myth of Normal
@@SisypheanRoller
Who ones & controls the tech? The ones with the most money. Democratic control of tech is most of the solution.
Johann Hari - Stolen Focus, shows another flaw with tech. All in all, we should be aware of the dangers.
WE ALWAYS LEARN FROM PROFESSOR RICHARD WOLFE. HIS KNOWLEDGE IS SO ADVANCED. THANKFULLY HE IS ONE OF THOSE THAT HAD THE OPPORTUNITY OF HIGHER LEARNING AND HAS DONE IT TO IMPART HIS ENORMOUS KNOWLEDGE TO THE REST OF US. ALSO, I HAVE READ MANY BOOKS 📚 TO KNOW HE IS CORRECT. THANK YOU EVERYDAY ❤️ THE MILLIONS AND MILLIONS OF FAMILIES AND CHILDREN THAT DIED UNDER SYTEMS OF POWERS. MAY WE REMEMBER THEM AND EVEN NOW .
The British Empire gave birth to modern racism in the world today. She was trying to rule all of these people around the world without losing her identity, like Spain did in South America and Portugal did in Brazil.
Uh huh... That's why capitalism is really racial capitalism.
@gregoryjones2457 bs
@gregoryjones2457 white slaves in Europe were slaves by choice.
@gregoryjones2457 I doubt any of that is true. I've never heard of it. The main point is that you as white people always had the license to stand up and had many others to help you. If you were a slave you accepted by consent just as you do today. You see yourself only as a serf and think others should see themselves that way too, but we don't. You need to raise your consciousness and stop making up excuses for yourself, because the game is getting ready to change for the worse and if you're sleeping you are going to get done in even while you're white. That's the bottom line and if you haven't made any friends with POC you're going to be out there by yourself. 👋
@@jamberry8026 Every ism is the creation of Kosher banker's professional kin on social studies whom later became an ideology.Fredrich Angels,Marx,Sigmund Freud,Edward Bernays,Max Holmer,Weber,Herbert Marcus,Peter Benessn,Theodore Adorno,Friedrich Pollock grandfather of Prof Sydney Pollock.
Excellent
the irony is that stability and sustainability generates far more profit over the long term then unsustainable growth and short term profiteering
But it doesn't concentrate power in the hands of the few. Which is the point.
Colonialism will always remain evil incarnate among those under its yoke, however the details furnished in your talk are most enlightening. This has yet to filter down in the history books of the colonised.
Extremely useful and very interesting. Also it give naughts to harsh realities the people of the countries that were exploited by the British had to undergo. Very analytical.
😳You mean Part 2 is a week away?! This is some sort of 'To be continued...' cliffhanger thingamajig 🤨
Thank you very much for your educational information which I was hoping to know about it.
What they did in Kenya reminds me of what the English did to the Irish by kicking them off the land and replacing them with sheep that were more profitable then having the Irish farm the land .
Thank you, Prof...excellent work
Great video professor Richard Wolff
This is fantastic
Thank you, Professor Wolff. This was a great history lesson on colonialism. Looking forward to Part 2.
What utter tosh..opium didn't create any happiness in Britain. The mother country was never rich for 90per cent of her people ..Britain never profited from any slavery ,only the same 10 percent ,if that,.....we led the fight against slavery...none of the colonies were going anyway until we civilised them (some of them still aren't) and were mired in savagery and corruption ..please name one other country that has done more to enhance and improve the lives of those fortunate to be blessed by Britain's oversight ...America exists and has ministered this heritage to the world principally due to Britain. .you should check your facts Mr Wolfe (and maybe your qualification to teach)
Brilliant!
Interesting. Looking forward to Part 2.
I hope in your part two you would mention and cover the rules of so called British Empire (UK) in Iran for centuries. Not forgetting the USA has their own game too. Every time in our history religion came to power behind it was British government .As a matter of fact they have never left Iran.
Great!
Great analysis 👍👍
This day I woke up with a profound sense of rebellious attitude against class oppression and hate to ignorance.
You're not oppressed.
@@chuckleaf8027 You're not a Capitalist
@@boltedmeal8182 Well, I'm certainly not somebody who gives a crap what scralings on the net say..
@@chuckleaf8027 yes, we are. Unwanted and real. The freedom I have is limited by the economic reality forced on us. It is not subjective. It is costly in so many ways. They take away our peace of mind and tranquility. They promote fear and hate. Don't you see??
Very useful!
I’m African and it boils my blood when I learn what the Europeans did to our ppl. The future belongs to Africa and we will hold them accountable, every single Europeans colonizer will be hold accountable
Aw, this is going o be a shock, but hang on, because every African sold to Europeans,
was captured by other Africans, transported by Africans, and sold by Africans, since
Africa was impenetrable to "whites" who only occupied "coastal forts" in the tropical
regions of sub-saharan Africa. ( temperate south africa was the exception. )
Actual colonization ( and conquest ) did not begin until 1875 with Stanley's exploration
on behalf of Leopold of Belgium, who didn't have a colony, and felt left out.
So if you have a problem with "slavery" in Africa, the source of it was other Africans,
and there was no more unity among African tribes than there was for North American
tribes so if you are seeking some basis to claim "moral superiority" you are going to
have to find something other than "slavery" to support it.
BTW Marx was a genocidal racist also, but you won't hear that from Wolff, nor should you
rely on him for any understanding of history or economics...since pieces of paper
can be bought, and even Marx's economic efforts were discredited shortly after he wrote
them down, so that all that remained was the "violence" inherent in the "communist manifesto"
and we saw how that turned out.
@@jgalt308 You have nothing to worry about if the 10 beast toes foretold in Daniel 2:42-44 is not referring to European nations also in collaboration with John 'a prophesy of 10 horns in revelation 13:1👀
Great information and perspective professor Wolff can’t wait for the second portion!!!
excellent explanation.
Perfect topic
Yes very useful
I live in Kolkata ( formerly Calcutta ) , and really appreciate Prof Wolff's analysis on this for those interested there is an interesting book and documentary on the Churchill induced famine .
Smashed that like button
True they find always a new form to explore global south. Specially Africa by financial system etc
Hvala.
Looking forward to Part II. Nice work.
Thank your professor, Wolff. Your work is shining a light on the holocaust of colonialism.
Exelent
The truth can hurt eh!?
What truth would that be?
Excellent! Looking forward to more…
Europe and especially Germany should free themselves from US domination and have their own independent foreign policy and recognize that the US is afraid that Europe and and Russia will have good relations and 5hat the US is manipulating Europe and Europe is playing right into the US hands.
Clear explanation of the actual world we living in
5:22. You could also apply it to what is now called the State of Israel - Settler Colonialism. Noam Chomsky does and so does Ilan Pappe. Inspired by British Christian Zionism.
Mr Professor! 99% of working labour in Pakistani economy takes the wages what the incarcerated inmates take in US ie $40 to 50 cents an hour . Even those inmates have better living conditions and health securities that our independent labour can not afford . Long live our colonial masters and their stooges those rule here !
Thanks 😊 desde 🇵🇷 PR la neo-colonia 😮💨
Appreciate your reporting. Great work.
Thanks Prof. Great analysis. Guess you didn't mourn the death of the old bag like the rest of the world! We in HK (the sane segment of the population) didn't like the witch much either.
💯🔥
Do the economics of the royal families wealth, dynastic families wealth, and billionaire wealth, how the extract it and how they accumulate it.
Spain was the first able to claim the sun does not set on them.
Was there ever a part 2 to this?
Very useful info! Thanks Dr. Wolff!
Yup...you can take it to the bank. (oh wait, you can't...but I'm sure there is
some use for it...somewhere. )
Excellent description of the true horrors of colonialism. And to think people, supposedly intelligent people, still hold empire up as a great achievement is astonishing.
Point, counterpoint. Milton Friedman and Thomas Sowell.
You didn't make a point other than naming a couple libertarians economists
@@vinapocalypse you unwittingly did get my point. Those other two gentlemen are more than capable and don't need me to vouch for them. But mendacious sycophancy may bar you from listening or considering counterpoints.
@@BB-cf9gx lmao libertarians are a joke, as are you who doesn't apply your own ideas to their thinking, but the other way around
2:47 first mistake: 1556 Spanish Emperor Felipe II: " El sol nunca se pone en nuestro imperio " "the empire on which the sun never sets"
A typical US education doesn't have much to say about the British empire after 1812, so if you're like me, you kind of assumed that their system of colonialism was somehow more enlightened, or less-coercive, only because they banned the ownership of slaves. This video provides some great historical context for understanding how wrong that assumption is.
Many, many thanks Sir!!
President Putin's speech on iEarlgrey was Excellent, he called out Neo Colonialists.
Hi professor Wolff please can you get garry Steveson economics on your show
Situation of today proves that socialism is right path, but every country has to learn to implement it in a proper way and also incorporate national heritage and reality on the ground. Capitalism will leads to great destruction in the end, we do not need rapid development with dangerous aftermath.
No need to worry, the solution to the human problem is already underway...
2 billion have been vaccinated, fertility rates are crashing, and the coming "famine"
will make a serious dent. ( but probably not enough of one...but I'm sure
your friendly cooperative socialist types will do just fine, as long as you do
what you're told. )
Socialism is the another side of the same coin.We have to be subjective towards our surroundings rather follow any popular mode.
The Queen as a bastion of Imperial Colonialism was a female version of Adolf Hitler.
In the run up to the Mau Mau guerrilla land freedom struggle, 15,000 ethnic lives were lost between 1952 & 1960. However evidence points to a higher figure of 100,000. This was a latter day Holocaust where people were alienated from their homes and kept in squalid camps (my grandfather included; to be used for Slave labour).
The least she could do is was apologise for sanctioning these Atrocities.
Presently, 🇰🇪 has proxy homeguards in the upper Echelons of the food chain or "Power" as it were.
Colonialism nicely explained
Amazing!! History has to be balanced.. Otherwise, it becomes distorted..
4:56 What about taking part voluntarily in some subordinate system. For example, people of Serbia do not want be part of EU but politicians do, because they are richly bribed by EU
Dear Professor, great session on colonialism. A minor correction, though. Calico Cotton was not originated from Calcutta. It was originated from the Malabar (southern) coast of India - from a city called Calicut (aka Kozhikkode)- my home town. This state has a significance in left world. This was the first democratically elected communist / Marxist government and current government is a left front led by Marxist party.
Actually, the first world Empires were the Spanish, Portuguese and Dutch Empires which were all built several Centuries before the British Empire (OK, the Dutch Empire was only built one Century before the British Empire). However, I would also suggest that the Dutch Empire was the first "capitalist", corporate share driven empire. However, I don't see either the British or Dutch Empires as Capitalist in the modern sense of "free trade". The early corporations were all monopolies and were violently against free trade (See: The Amboyna massacre of 1623). As fighting against the British East India trading company's monopoly over all overseas trade was a major factor involved in the American Revolution as well (See: The Boston Tea Party).
The comment was by George Galloway, British commentator. He noted it was a comment made by an Irish relative.
@ 18:15 that reminds me of Jordan Peterson, of whom, did not show up to a proposed debate that he originally agreed to participate in. He often un-objectively cites the one-sidedness of the casualties of "socialism" while seemingly ignoring the casualties of "capitalism".
you mean the supposed casualties of capitalism...along with all those semantical
variations of colonialism. BTW that would be the "capitalism" that allowed the increase
of the human population from 1 billion to 8 billion in 250 years? That capitalism???
@@jgalt308 I am not anti-"capitalist" nor anti-"socialists" neither exist in any pure form at scale. When Dr. Peterson makes his arguments, he does not do so objectively and with the recognition that the pure forms of either do not exist.
@@SapienSpace Not what I asked or said...and it was simple enough.
The Wolf is at their 🚪
Hello professor, can you kindly also comment on links between a.i, population control , climate change and birth control policies and future of all of it mingling together to form a system we cant see. ?????
10:00 Not only to get food , but to get away from rain rain rain.
90% of the Mau Mau were from one tribe. The Kikuyu. You should mention that point and the British inquiry into abuses in dealing with the Mau Mau.