Economics Dictionary of ArgumentsHome
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| Imperialism: Imperialism in economics refers to the policy of extending a country's power and influence through colonization, military force, or other forms of dominance. It involves the exploitation of resources and markets in colonized territories, often leading to economic, social, and political inequality. See also Nationalism, International trade._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Jeremy Bentham on Imperialism - Dictionary of Arguments
Rothbard II 286 Imperialism/James Mill/Bentham/Rothbard: Among the British classical liberals, non-intervention and anti-imperialism were the dominant tradition. Colonialism and special privileges to investment abroad were properly seen as part of the monopoly privileges and controls imposed by mercantilism, none of which confers advantage - in fact, imposes considerable disadvantage - on the home population. Jeremy Bentham, James Mill and the others were generally solidly anti-imperialist, and advocated that Britain give up its colonies and grant them independence. Bentham originally included India in this emancipation, but was talked out ofit by James Mill, a high offcial in the governing organization of India, the British East India Company. The James Mill exception for India was based on a utilitarian 'white man's burden' argument that, even though England was Iosing economically from governing India, it must continue doing so for the sake of the Indians, Who were too savage to be able to govern themselves. In that way, James Mill was able to cast an altruist-utilitarian patina over England's often bloody repression in India and over his own role in that oppression. Land/James Mill: Mill also was able to propound his own Ricardian assault on the landlord class. Following the Ricardian doctrine that landlords were useless and nonproductive Mill advocated special taxes on ground rent; being a high offcial in India, he believed that he was more likely to influence the tax and legal system there. Hence he advocated British nationalization of Indian land, with the state then renting out the land to Indian peasants as long-term tenants; thus, in a pre-George Georgism, the state would absorb all revenues from land rent. In his turn, John Stuart Mill was happy to advocate the same scheme. Ireland: Bentham and James Mill also made an exception to their overall anti-imperialism for Ireland, here not indulging in attacks on 'savagery' but simply asserting that freeing Ireland would be politically impossible. _____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Benth I J. Bentham An Introduction to the Principles of Morals and Legislation Mineola, NY 2007 Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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