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Caribbean nations set to demand royal family makes reparations for slave trade
(www.theguardian.com)
this post was submitted on 11 Sep 2023
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They're demanding reparations from the royal family, not the british empire. Apparently, they can trace financial benefits from the 1700s to King Charles III.
Your proposed defense is basically that the practice of theft has been discontinued and that others were also thieves at that time.