Different rules of the game would have radically changed history. Our counterfactual simulations show that without colonial transfers, Europe would have been a debtor — and South Asia or Latin America could have become global creditors.

 https://x.com/PikettyWIL/status/1932073975623884895

Thomas Piketty

@PikettyWIL

Different rules of the game would have radically changed history. Our counterfactual simulations show that without colonial transfers, Europe would have been a debtor — and South Asia or Latin America could have become global creditors. [5/9]

11:55 PM · Jun 9, 2025

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https://x.com/PikettyWIL/status/1932073975623884895