That paper has a very restrictive definition of exploitation. Profits on investement in India are only counted as exploitation if the rate of return to British capital was higher than the cost at which capital could have been borrowed from other sources.
________________________________________
From: ope-bounces@lists.csuchico.edu [ope-bounces@lists.csuchico.edu] On Behalf Of Dave Zachariah [davez@kth.se]
Sent: Saturday, April 09, 2011 2:13 PM
To: Outline on Political Economy mailing list
Subject: Re: [OPE] fascism / opposing imperialist military
On 2011-04-09 12:27, Michel Husson wrote:
> Hello !
>
> I send you this article on this interesting question
>
Many thanks Michel!
//Dave Z
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Received on Sun Apr 10 16:54:58 2011
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