Organisation Of Economic Co-operation established OECD Development Centre in 1962, engaged a British economist Angus Maddison to study world economy and author a comprehensive treatise on that. Maddison rose to the call diligently and authored a famous book ‘The World Economy – A Millennial Perspective’ to illustrate long-term economic performance of nations, factors to explain successful economies and bottlenecks that hamstrung laggards. Published in 2001, Maddison studied economic history of the world for the entire Christian era from AD 1 to AD 2000 conclusions of which have been startling for the entire world. Maddison authored a famous table that revealed how Bharatas share in world economy declined from 24.4% in AD 1500 to a measly 4.2% in AD 1950 in the Table A.6 in Statistical Appendix A of Contours Of The World Economy. Bharatas Per-Capita GDP in AD 1500 at $550 (valued at 1990 levels) with 25.1% share of world population conceded the nation a gigantic economy in spite of Per-Capita GDP of western countries being higher at $798 and of China at $600. Christian Rate of growth of Per-Capita GDP and GDP peaked during AD 1870 to AD 1913 and registered at lowest level during the same period in Bharata. From 25% of world economy to the abject 4% due to ruthless colonial plunder, is indeed a very tragic and sordid economic history of contemporary Bharatiya economy.
Utsa Patnaik of Columbia University estimated, during AD 1765 to AD 1938 Sterling Pounds 9.2 Trillion equivalent to US $ 44.6 Trillion were siphoned off at the colonial exchange rate of US $ 4.8 per Sterling Pound compounded at 5% interest rate. As entire foreign exchange earnings were transferred straightaway to London, country was unable to import machinery and technology to modernise economy on the lines of Japan in AD 1870s. There was absolutely no rise in Per-Capita income from AD 1900 to AD 1929 in spite of second largest export earnings in the world for decades. Life-expectancy at birth in AD 1911 was mere 22 years and Per-Capita foodgrain consumption declined from 200 Kg. in AD 1900 to 137 Kg. in AD 1946. People died like flies while British-Brutes were entirely busy plundering away our earnings to England. They established an elaborate tax-collection machinery with District Collectors being the pivotal figures. Tax collections trebled under East India Company and the massive Bengal famine in 1770 killed at least 1 crore natives out of 3 crore human population. Tax collections were used to purchase goods from peasants and British ensured, collectors and buyers were different persons approaching at different intervals so that peasants never suspected, it was their own tax collected being used for buying their produce !! So British-occupiers collected entire produce absolutely free. Intermediaries were nurtured extensively and several contemporary business houses earned their money through ‘Dalali’ for the British with almost non-existent income-tax, so established Utsa Patnaik. Rothschild family owned Bank Of England dealt with ‘Council Bills’ to procure gold in exchange for amount of Rupees printed on paper destined to be redeemed by Hindu taxpayers in Bharata. Imagine the loot. The company NM Rothschild and sons mainly determined the gold price from 1810 till 2004. For instance, one-time shipment of 800,000 pounds worth of gold i.e. 363 tons appropriated by Rothschilds in 1814 will cost today over US$ 20 billion.
Now it turns out for sure that entire doctrine of Capitalism is based on robbery and plunder of so-called III-World / Developing Economies. According to Utsa Patnaik, during AD 1780 to AD 1820, British rate of savings was exactly the same figure that was siphoned off from Bharata and West Indies i.e. 6% of British GDP !! With 70 countries colonised, quantum of plunder was so huge that it was impossible for a tiny country like Britain to digest entire loot, so they turned around to become largest capital exporter !! Entire so-called advanced capitalist world viz. USA, Europe, even Russia are in reality, capitalised with the loot and plunder perpetrated in so-called III-World countries. With this plundered wealth, Britain funded infrastructure in USA / Europe. Even war expenses too, were passed onto Bharatiya Budget with the shortfall whenever, declared as debt with hefty interest levied on that head !! London based Secretary of State for India used to hold one-third of Bharatiya revenue as ‘Expenditure Abroad’ to import from Bharata.
According to Christian theology, every man is born as a sinner. Where else do you find such a nano-accuracy of the doctrine in action other than British Monarchy ?
Germany finally tendered apologies and agreed to pay reparations to the tune of US $ 1.3 billions to Namibia when their tribes Heroro and Nama sued them in US Court for atrocities perpetrated during German colonial rule during 1885-1918 period.
Allied countries led by Britain demanded reparations to the tune of US$ 33 billions and they paid for WW-I till 2010. After conclusion of WW-II, they were compensated in kind viz. industries, coal, minerals, land for the USSR, France and German POWs as labourers for 2 years. After unification of Germany in 1990, Britain renounced anymore claims for reparations for WW-II that shocked even British Parliamentarians. Though Britain received reparations from Germany for WW-I and -II yet they did not have the decency to share that with Bharata despite paying huge amounts and supply of goods, ammunition, animals, 150000 soldiers sacrificing their lives for the war that was solely theirs. Not only there should be a memorial for those soldiers in Britain but also commensurate financial compensation paid.
To victims of the Holocaust and their survivers, Germans have already paid over US$ 80 billions and reparations are still continuing with their proclaimed stand, “Germany take as very seriously all matters related to Holocaust survivors”.
A Dutch court paid 10,000 Euros to an Indonesian in 2020 whose father was shot dead before him in 1947.
Caribbean countries organised an outfit CARICOM to demand reparations for descendants of slave owners.
North Americans have galvanised themselves into demanding reversal of land-grab beginning with Mount Rushmore.
So on the basis of those precedents, Bharata Government must now go whole hog in claiming not only reparations but also repatriation of stolen cultural wealth too and more than 300 or so have already been done. British Museum in London is the colonial version of Chor Bazar of Mumbai. All those cultural items must be claimed and brought back. If the Museum goes empty thereafter as feared by David Cameron, British Prime Minister Rishi Shunak may very well celebrate it like Christmas !! King Charles-!!! must initiate the process of repatriation and reparation by handing over Kohinoor diamond to our Prime Minister Modi. General mood in Europe is already of the view that all plundered cultural wealth lying in Euro-museums must be repatriated with due apologies.