Where I’d say Friedman is arguing in bad faith is that the obvious goal of colonialism is value extraction by force or coercion. He may argue that due to inefficiency or resistance it didn’t actually produce significant wealth for Britain but the evidence shows otherwise.
That or he may argue that the East India Company (the origin of multinational capitalism) was not colonialism which would be divergent from historical consensus.





We call that extortion in our part of the world. I assume the British call it that today too.