The Economics of Colonialism Part 1- The British Empire
Economic Update with Richard D. Wolff
00:00
The History of Capitalism
In the end, almost every colony fought for and got independence. That's history's judgment on how good it is to be a colony of somebody else. Capitalism has concentrated its wealth in the places where it began. The U.S. developed neo-colonialism, a new way of controlling without making the other country non-independent.
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