I would say you could point to it being more like a portrayal of the HRE.
Colonialism isn't really a big part of the The Empire, that's more of a Ulthuan/High Elves (stand-in for the British Empire) thing, and The Empire is portrayed as a feudal/pre-capitalist mercantile economy. The proto-capitalists I would say are located in the city-state of Marienburg, which is a sort of stand-in for somewhere like 15th-16th century Lübeck.
I would say you could point to it being more like a portrayal of the HRE.
Colonialism isn't really a big part of the The Empire, that's more of a Ulthuan/High Elves (stand-in for the British Empire) thing, and The Empire is portrayed as a feudal/pre-capitalist mercantile economy. The proto-capitalists I would say are located in the city-state of Marienburg, which is a sort of stand-in for somewhere like 15th-16th century Lübeck.
Marienburg has more dutch influence, most of the local languages is like fantasy dutch instead of fantasy german of the empire.
That's a good catch, and you're absolutely right.