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We can argue about how and where to assign blame until we go blue in the face, but that does not detract from the fact that Sweden had a privileged position relative to Bangladesh. If for no other reason then because it had enough rifles and gunpowder to stop other European powers from bashing it over the head, dismantling its political structure and stealing its stuff.
Similarly, we can argue about the economic benefits (or not) of having colonies in general, or specific colonies in particular. But this does not detract from the fact that whatever hypothetical net burden upon European countries the colonies might have been, it does not compare - not even within an order of magnitude - to the burden imposed on the colonies by having their social, political and economic system deliberately demolished.
Austerity can only be implemented in the shadow of a concentration camp.
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