Economic Update: The Economics of Colonialism Pt. 2 - The Neo-colonialism Variation

***Help us reach 300,000 subscribers! We are very close to reaching this important milestone but need your assistance. Please like and subscribe and get your family and friends to do so as well. [S12 E40] The Economics of Colonialism Pt. 2 - The Neo-colonialism Variation In this week's show, Prof. Wolff presents a brief summary of last week's Part 1 as basis for analyzing how WW2 provoked the political independence struggles that changed colonialism into neo-colonialism; how and why political independence is not, by itself, a break from colonialism; why neocolonialism lasts into the present and positions a rich minority of each former colony as the ally, collaborator, and agent of continued entrapment of the former colony within global capitalism. Modern neocolonialism likewise positions a poor majority that seeks real economic independence alongside political independence. The politics of most countries in the world - who are mostly ex-colonies - is a deep class war between that neocolonial minority and its majority/adversary. *Economic Update with Richard D. Wolff is a ‪@democracyatwrk‬ production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community:   / democracyatwork   and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted DONOR community on Patreon and via our website whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at   / democracyatwork   or donate on our website at https://www.democracyatwork.info/donate Follow us ONLINE: Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Twitter:   / profwolff     / democracyatwrk   Instagram:   / democracyatwrk   DailyMotion: https://www.dailymotion.com/democracy... Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... Want to help us translate and transcribe our videos? Learn about joining our translation team: https://www.democracyatwork.info/geti... ****************************************************************************************** NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly https://www.democracyatwork.info/books ****************************************************************************************** SOURCES FOR SHOW SEGMENTS: 1.Can Global Capitalism Endure? by William I Robinson, 2. Global Capitalism and the Crisis of Humanity by William I Robinson