In this GB News segment, Reem Ibrahim, Communications Officer and Linda Whetstone Scholar at the Institute of Economic Affairs (IEA), debates the role of the British Empire and slavery in Britain's economic development.
Ibrahim outlines the argument from the IEA's new publication "Imperial Measurement" which pushes back on the narrative that Britain's wealth was primarily derived from colonialism and the exploitation of slavery. She contends that the costs of acquiring and defending the British Empire vastly outweighed any economic gains from colonial possessions and the slave trade.
The report argues that it was Britain's shift towards free trade and open markets, rather than imperial domination, that allowed its economy to truly flourish. Ibrahim asserts that the significance of the Empire in creating British prosperity has been exaggerated.
Her viewpoint sparks debate with anti-racist activist Ken Haynes over the legacy of colonialism, corruption in Africa, and whether the West was indeed "built on the backs of slaves." While contentious, the discussion highlights differing perspectives on this charged historical issue.
Discover imperialism's true impact on Britain and the Western world. Watch now and download a copy of Niemietz's book from the IEA website for further insights: iea.org.uk/pub....
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