… Here’s how it worked. The East India Company began collecting taxes in India, and then cleverly used a portion of those revenues (about a third) to fund the purchase of Indian goods for British use. In other words, instead of paying for Indian goods out of their own pocket, British traders acquired them for free, “buying” from peasants and weavers using money that had just been taken from them….
Sounds a lot like what’s happening to the USA right now. Of course the economic harvesting is justified by various transparently bogus appeals to the national interest, including the interest on the national “debt”. I’m sure the british were using the same PR techniques in india.