
The Economics of Colonialism Part 2 - The Neo-colonialism Variation
Economic Update with Richard D. Wolff
00:00
Are You in the Market?
You have to grow your market. And that means not just selling to your own nations, people, but having a place beyond. In a colony, you can force to buy your stuff. The more colonies, the more market you control. Here's an irony here. You know, these companies could have said, we don't need a colony. We'll just go and buy it in the market. But of course, they didn't do that. Why? Because they were constantly afraid that their competitors would control a piece of the world and not let them in.
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