Reading Niall Ferguson's Empire (Part 8)
Chapter 5 (-p.238). There are interesting excerpts.
Under British rule, the village economy's share of total after-tax income actually rose from 45 per cent to 54 per cent. Since that sector represented around three-quarters of the entire population, there can therefore be little doubt that British rule reduced inequality in India. (p.218)
The reality, then, was that Indian nationalism was fuelled not by the impoverishment of the many but by the rejection of the privileged few. (p.218)
I basically agree. My question is whether it is the general theory. My prior hunch is that it is.
Now there was just one company: De Beers. It is usually assumed that Rhodes owned De Beers, but this was not the case. Nathaniel de Rothschild was a bigger shareholder than Rhodes himself: (p.223)
... specifying his estate should be used to fund an imperialist equivalent of the Jesuit order - the original intention of the Rhodes Scholarships. This would be 'a society of the elect for the good of the Empire'. (p.227)
Quite a new information.
The German Chancellor, Otto von Bismarck, was one of the few authentic geniuses among nineteenth-century statesmen. (p.234)
Probably, I have to read all the Niall Ferguson's books.