The British Empire and other major European powers did not significantly enrich themselves through slavery and colonialism but rather may have taken a net loss as a result, a report has asserted. Contrary to narratives pushed by ‘anti-colonialism’ academics and promoted by leftist talking heads, Western capitalism was not built off the backs of colonialism and slavery, fresh research from Kristian Niemietz of the Institute of Economic Affairs claims. The head of Political Economy at the IEA argues that while some select elite families within Britain and other colonial powers profited immensely during the time, such gains were not felt...