It worries me when I hear people talk about wealth and success in the UK as being down to colonialism or imperialism or white privilege or whatever. Instead, she said the Glorious Revolution of 1688 which led to the development of the UK constitution and solidified the role of parliament should be credited for providing the kind of economic certainty that paved the way for the Industrial Revolution.
It matters, because if people genuinely believe that the UK only grew and developed into an advanced economy because of exploitation and oppression, then the solutions they will devise will make our growth and productivity problem even worse, she said.
It matters in other countries too, because if developing nations do not understand how the west became rich, they cannot follow in his footsteps.
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