Thursday, March 15, 2018

Shashi Tharoor

Shashi Tharoor is the author of Inglorious Empire: What the British did to India. From his Q&A with Sonali Campion for the British Politics and Policy blog at the LSE:

Are there any positive legacies in British rule?

Unwittingly yes, in other words things that were brought into India to further British interests, ensure British control or add to British profit have since independence been converted by the Indians to things that benefit India. But to give the British credit for something that was never intended to benefit India in the first place is a bit much. So, you see for example that the railways are so indispensable, the lifeblood in many ways of India today, but you forget that they were only intended to extract resources from the heartland to the ports in order to ship them off to England, and send troops out to keep the peace or British order. That’s what they were for.

The railways were also built at colossal expense to India, paid for entirely by the Indians while the British investors made huge profits. It was the single most profitable investment you can make in the London Stock Exchange from about 1850 to 1875 because they guaranteed returns of twice what the British government stocks was offering at that time. They did that because the Indian taxpayer was paying for it. What is more, one mile of Indian railway in India cost 9 times what the same mile would have cost in the US at that time. It was a rip off from start to finish.

When they finally added passenger carriages for Indians, wooden slats for benches deeply unpleasant conditions, they charged the Indian passengers the highest passenger rates in the world. At the same time they were charging British companies the lowest freight rates in the world. It was only after 1947 that the Free Indian Government reversed that set of priorities, made human traffic cheaper. Today it is one of the cheapest in the world railway travel, if not the cheapest, whereas freight got progressively more and more expensive. Of course now, Indian companies are bearing the brunt of these price rises so it may not be a good thing from their point of view. But the key thing is that turning the railways around to benefit the Indians was only something that happened after the independence.

One can go on...[read on]
--Marshal Zeringue