Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Market Insanity

5 Ways Imperial Britain Crippled Indian Handlooms

But what you may not know is how meticulously the British destroyed India’s local industries to assert its dominance. That includes India’s handloom textile industry. For instance, did you know that India was manufacturing 25% of the world’s textiles in the 17th century, and that this share plummeted to just 2% at the end of British colonialism in 1947 (Das 2002)?

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