Economic Update with Richard D. Wolff cover image

The Economics of Colonialism Part 2 - The Neo-colonialism Variation

Economic Update with Richard D. Wolff

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The Local Agents of Neo-Colonialism

In each of the countries, a group of people develop who want neo-colonialism to continue because they're getting rich off of it. They become agents in keeping down the wages so that the American company keeps coming. On the other hand, you have the mass of the people whose wages are abysmally low and they want to be what? Less poorly paid. There's a clash there. Out of that clash, you get the politics of every country in Asia, Africa, and Latin America. A struggle from below that wants to break from neo- colonialism.

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