This video argues that colonialism was beneficial for colonized nations, citing MIT economist Daron Acemoglu's research showing that prosperous third-world countries became prosperous because Europeans colonized them, while collapsed countries either had Europeans leave too early or were never colonized. The video provides comparative examples: Hong Kong (40x richer than China), Puerto Rico (20x richer than Haiti), and Bermuda (40x richer than Haiti), attributing this prosperity to colonial institutions like rule of law, honest courts, and bourgeois values that fostered social trust and economic development.
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UN wants $131 Trillion in ReparationsAdded:
The United Nations wants $131 trillion in reparations for colonialism and quote systemic racism.
In its latest trillion-dollar grift, the resolution passed 123 to 3. The rich countries abstained. The price tag to dismantle racism, according to the UN-linked Brattle Group, is $131 trillion.
To be fair, it's less than a gazillion, but it is also more than all the money in the world, not a joke. That 131 includes $26 trillion owed by the US, close to half a million dollars per household. 24 trillion from Britain, who, fun fact, abolished slavery in a series of wars against Arabs and Africans.
Portugal gets off easy, owing just 20 trillion to Brazil, which is $6 million per household in Portugal. Now, this is all on par for the UN's bevy of kleptocracies picking your pocket while dreaming up new and interesting ways to take your constitutional rights.
From the World Health Organization's COVID tyranny to global warming to treaties to ban guns, population control, and mass surveillance. But the more important is the premise is backwards. In fact, colonialism is the best thing that ever happened to the third world. We know this because a pair of MIT economists, including Nobel laureate Daron Acemoglu, crunched the numbers in a 2001 paper that found every prosperous third world country is prosperous because Europeans showed up. Every collapsed one is collapsed because the Europeans either left too early or they never colonized.
To illustrate, when Britain left Hong Kong in 1997, it was 40 times richer than China. Guam, still a US colony, is 10 times richer than independent Philippines. Puerto Rico is by far the richest country in Latin America, and 20 times richer than Haiti, which won its independence before the United States. French Caledonia is 12 times richer than nearby Solomon Islands.
France's Caribbean colonies are also 12 times richer than Haiti. Britain's Bermuda is 40 times richer than Haiti and still a colony. India's 10 times richer than never colonized Afghanistan.
Demographically similar Pakistan is five times richer than Afghanistan. Even within Africa, the last decolonization 1990 Namibia is five times richer than never colonized Ethiopia. And when apartheid fell, call it internal colonization, South Africa was 20 times richer than next door Mozambique. Spot the pattern. So what accounts for easy rule of law and culture?
Courts that are not corrupt. The bourgeois values of honesty, thrift, industry, all of which foster social trust that helps natives stop genociding each other. The rule of law and culture is why the West was rich enough to colonize the third world as a side gig.
And they imposed that law and culture so colonies would prosper enough to generate the taxes it took to run them.
The longer colonies that stuck, Singapore, Hong Kong, and early independence like Haiti or never colonized like Ethiopia, it did not stick. Incidentally, it's not a white thing, it's universal that when rich colonies colonize poor ones, the victims are the biggest beneficiaries. Rome civilized Britain, Sumeria civilized Persia, Japan civilized Okinawa, China civilized its Turks in the Gobi desert.
The difference is today we can measure it and today we have UN bureaucrats trying to turn it into a trillion-dollar hustle running backwards. So as Sex talks about the Bitcoin way, colonialism had its brutality, but these pale by orders of magnitude to native brutality.
Toss in the tech, penicillin, electricity, water filtration, crops that withstand drought, and the West has nothing to apologize for. In fact, reparations should go the other direction. Still, so long as Western education continues pushing Marxism and the UN continues trying to monetize it, hold on to your wallets and hold on to your rights. Read the rest with charts and all the gory details at profsandsins.com. Okay, we'll be watching. Stay excellent.
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