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

If I'd had a teacher like professor Wolf I'd have stayed in school. He makes every subject he talks about come across as passionately interesting.

Thank you for this powerful and eye opening look at how colonialism continues to this day.

One of the best lectures in RU-vid about colonialism and neo colonialism..

Prof. Wolff continues to be the best economics educator in the English speaking world.

Thank you Professor Wolf for all your great work. I'm a U.S. citizen who has been living in South America since 1991 (Chile and Argentina) and from my perspective your description is spot on.

This is by far the best episode in my opinion, maybe because it's kinda personal to me. My grandparents came from former British owned Malaysia. My grandma who's still alive will always tell stories, how there were British restaurants and pubs where only the Brits could go in. They were serving food farmed by locals and the locals could not go in, even if we had the money to pay for it.

Thank you professor My hope is that the world ends up with a system that works to improve the existence of everyone and everything It is possible but would take a rethink and cooperation of everyone

I feel a little smarter everytime I listen to this man! Thank you Dr. Wolff! 😊

the continuous subjugation that takes place under neocolonialism is particularly insidious. like prof wolff said, when a colonial power has created a class of people invested in the workings of a system that exploits them it is more difficult to uproot these ideals, but together we can fight for a self-determining world with democracy, transparency, and progress. thank you to democracy at work team for your valiant work

Thank you, Professor, for stating it so clearly.

I am 68, poor, in a rooming house. These two Economic Update episodes meant a lot to improving my attitude. Succinct, honest. No one is suggesting let's storm the Bastille. I ate a medium thin crust pizza from Pizza Hut, watched CLEAR HISTORY on my Amazon Fire Tablet, and swam in a pool probably as good as Frank Sinatra had in old age. With honest lectures it might be time for we peasants to at least know this information. Most will not watch and will stick with half hour comedy skits. George Carlin: you tube - The American Dream

Thank you professor for your efforts to educate us. Your ability to explain complex subjects straightforwardly is beyond measures. I'm grateful :)

Very educational!

This was amazing. I understand a lot of this myself, but the series was a great summary of all the important mechanisms of neocolo. Thank you very much.

Thank you for your great lecture Professor Wolff.

Thank you for well explained such an interesting topic. If possible, please talk about how the Western eight countries together brought down China before any world war. You have opened up my brain each time. Thank you from the bottom of my heart.

Very profound and frank discussion on neocolonialism. China fought a bitter civil war to have the clean break with colonizing powers, where as many other countries did not. You don't want to be on receiving end of neocolonialism because the games are rigged against you no matter how hard you work or how smart you are. The fruit of your labor goes to somebody who controlled the system.

Thank you sir for the knowledge. And it reminds me of the words of the first president of my country, Soekarno, where there is a new colonialism style or known as neocolonialism and imperialism which we have known as 3G (1. Gold: plundering natural resources -> monetary & financial, 2. Glory: army war -> multinational companies, & 3. Gospel: pretending to spread scriptures -> globalization, free market, central bank) to destroy the country by establishing capitalist-based companies as a form of globalization era

Beautiful lesson, Thank you very much for teaching this IGNORED and often misunderstood subject.

As accurate as always

Thank you Richard. Your experience over the last few years has opened many eyes. We need to raise "attention spans" to enable people to hear your message. Many jump at first sentences to judge the first words they hear, and have turned off the rest of it. In a few episodes, you have told a long story that is so often dismissed by people of the "status quo" who do not want to change the system that was so beneficial for their little elite. Ursula van Der Leyen, Josep Borrell and Chrystia Freeland want to claim "separateness" from "the jungle out there," and have their own little capitalist Camelot of rich friends. "Social" means humans LIKE living in groups, and planet Earth has become ONE group of life OR death "cooperative."

You are an EXCELLENT TEACHER !!

Great video professor Richard Wolff

Amazing content as always! greetings from Monterrey, México.

oh lala grandissime professeur, votre analyse du Néocolonialisme est d'une finesse et d'une profondeur !! pour apporter de l'eau à votre moulin c'est exactement ce qui se passe en ce moment dans le Sahel avec cette confrontation entre d'une part le Mali le Burkina Faso, la Guinée et d'autre part la puissance Française. les peuples se soulèvent et refusent ce néocolonialisme, les pseudo indépendances arrachées dans les années 60 n'ont permis d'obtenir qu'un drapeau et un hymne national c'est tout, "l'indépendance sous surveillance" le reste, l'économie est toujours piloté à distance par les multinationales et leur désastreuse quête d'un Taux de Profit toujours en croissance

Superb!! Thank you!

Brilliant analysis. As a Kenyan, it's important to note the role the US continues to play in our country. Our newly "elected" president is in bed with US neoliberals. We're already getting comfy with the IMF, with fuel subsidies being scrapped recently, and austerity almost certainly around the corner. We're about to partner with multinational GMO companies to bring in GMOs. Privatization of state parastatals is being discussed. The US ambassador to Kenya frequented State House A LOT. The "president" himself announced that the US had replaced the UK as Kenya's biggest trading partner. I'd say the timing of this video couldn't have been more apt.

Placed a magnifying glass on a subject I often wondered about. Explained so clearly. Makes much sense. Thank you for sharing.

Thank YOU EVERYDAY , FOR YOUR KNOWLEDGE OF ECONOMICS AND HISTORY. ❤ I HAVE BEEN LISTENING AND READING FOR YEARS.

It cannot be told much clearer, excellent talk to understand today's world. Especially in relation to 'agents of the metropolis' and how they benefit of their service.

Thanks it’s so much clearer now.

This is real history about neocolonialism in Latin America!that we have to leaned!thank you!sir!🙏🙏🙏👍👍👍

Fantastic clear information

Thank you professor Wolff. We Indians have a lot to learn still. 🙏

Wow very awesome. Thank you professor Wolff.

Is there a transcript of this series you could share? We would like to translate it to spanish, portugues, and french; to share with Latin America and the Carribean. Our movements across the continent need this information.

This two part series by Dr. Wolff explained a complex phenomenon, colonialism morphing into neocolonialism, thoroughly and succinctly. It is critical to understand this if you wish to understand the geopolitics of today. Very well done, Prof. Wolff.

Confessions of an economic hitman is a great book about certain aspects of neo colonialism.

Thank you for sharing this educational video. You are the best, Professor Wolff. I wish I could enroll in one of your classes.

Absolutely right.on the dot..reality bite..thanks you .crystal clear..God bless you.

Great video. Suggested further reading for post-WW2 colonialism: Franz Fanon, The Wretched of the Earth Naomi Klein, The Shock Doctrine Vincent Bevans, The Jakarta Method

Excellent work, Professor Wolff. Greetings from Puerto Rico!

This give me a great insight on why there are still voices from academics in China and HK speaking for the West. Ambivalent. Those people had derived great benefits from the relationship with the West and despite the great progress in the societies and economics of their nation benefiting a very large portion of the population these people often used arduous and pseudo logic and arguments to promote the ideologies of capitalism over their nation policies .

Very informative indeed. Thank you Prof. Wolff.

Love the video, learned a lot

A very, very good explanation of colonialism and neocolonialism!! I have seen it over and over again, in Colombia and Mexico!!!!

Very Informative, Thank you.

Thank you professor

I always loved to listen professor Richard D wollf's discussions.appreciate thankyou sir somuch.

I hate colonialism, wars to Philippines, Vietnam, Indonesia, etc ⚖️⚖️⚖️ Thanks Professor Richard D. Wolff!

As always Prof Wolff opens our eyes. Thank you once more.

Yes! This is what I've been waiting for. I hope that Prof. Wolff will devote a fraction of all episodes to ongoing anti-colonial struggles and their historical backgrounds! And also more about financialization, and rentier capitalism please! Maybe a little on corporate capture of government! Of course the usual topics from macroeconomics, the labor movement, and cooperative enterprise are also important.

Thanks!

Thank you!

Sir i am an old man, what i learned from you about capitalism, colonialism, and neo colonialism is something as a layman, very educational for me. thank you very much.

Thanks Richard ,eye opening for those who are not aware , need to listen to you.

Independence vs colonised - Are we independent today? Eye opening talk unravelling guise forms of dominance colonisation n looting. Watching as many times gives so many newer indepth insights n manifestations ramifications of colonism ie neo or new form of colonism in present day global context. Thanks for this crisp clear straight talk. 💐🙏 Dr R M Hosamani

Yes Sir. I'm pleased that you, unlike most, not only state the issues core[s] but you offer real solutions, now, if only people would chose them more often.

Tack!

"Growth = survival" succinct and excellent insight into capitalism.

Thanks for explaining how a country can be colonialized.

Großartig Professor Wolff! Grüße aus Deutschland.

So well put! Thank you

I just watched a movie about the Rwandan genocide of the early 90's. Over a MILLION indigenous people slaughtered each other in a tribal conflict because of the historic inequities created by Belgian, British, and French Colonialism of the 18th and 19th Century. When "all hell broke lose", those culpable nations AND the US, AND the United Nations "bailed" on them. It was simultaneously heart-breaking, disgusting and infuriating to watch. It was also enlightening. Colonialism, then and now, exposes the very worst aspects of power and greed.

Excellent ,informative show thanks Richard.

Thanks Professor. It was very informative. 👍🏾

how he talks about "settler colonialism" and doesn't say "Israel" feels like a (major) compromise-perhaps a dishonest one.

Thanks again for resetting my mind

Thank you Professor for courageously professing the dubious agenda of the soulless elites and their craven sycophants.

Thanks

Thank you for finally addressing this component of the world capitalist economy. It must be understood from your discussion that for former colonies to become independent and develop freely, we must break the existing capitalist world economy!

I would like to see your visions for parts 3 and 4. If the disgruntled and long overly exploited and mostly obedient working masses decide they no longer want the company owners, or neo- imperialist countries, to profit from their own blood and sweat and that of their fellow workers, or to be made at the expense of their country's demise, then what paths do you envision for a more humane, civil, respectful existence? How does sanity get restored (better yet, created, if greed and profit have been the prime motivators all along)? Yes, I am hungry for hope in a world seemingly run by uninspired, nonprogressive thinkers (??) lacking vision. Who (other than authoritarian megalomaniacs) will rise from this quagmire to move us toward a brighter future? How does a civilization repair the damages before its decline is past the point of no return?

Interesting explanation!!!

Thanks for your program, it is enlightening

thanks again professor Wolf isalways a pleassure hear you talks.

Deep and informative. Thankyou professor.

USA imperialism (Neo-colonialism) is backed up by military bases (instead of colonial administrators' presence all over the third world poor country) - that is why it has facilitated coups, etc in these countries. France has similar arrangements if not worse; Germany is still in Namibia (even though it lost WWII). Good point about economic colonialism via neo colonies producing raw materials. The West's hatred towards China has foundation in this sort of thinking

Professor Wolff brilliantly explains, in the following video, the metamorphism of colonialism, and how it is still as destructive to life as it has always been. Capitalists want capitalism now tomorrow and forever. We must, therefore, make the present civilization of death impossible to exist, while enabling all others to mutually flourish. Since socialists want democracy, we must always remain vigilant of the institutional assault to humanity. We must, because, as Dr. King Jr. said, “Injustice anywhere is a threat to justice everywhere”. Ending colonialism requires decolonized minds. Thank you, Professor Wolff, for helping us do that! Decolonizing the world together.

Thanks so much i underztand now.

Very interesting and enlightening indeed. Thank you.

Informative and inspiring

Gr8t educational informative show 👏

The term company also holds valid because most of the cases colonization usually carried out by shared stock companies like east india company

Could you do an episode on central banking and fractional reserve banking? Maybe tie that into the financing of colonialism/neo-colonialism, but also into how the ability to create and distribute money makes our world the way it is.

King Leopold of Belgium would be viewed as a modern day "Hitler" by today's standards. 10's of THOUSANDS of indigenous "natives" were amputees thanks to the kind auspices of Colonialism.It was considered perfectly acceptable to relieve them of one or more of their appendages if they were lazy or uncooperative! The presumption and arrogance demonstrated then, has an uncomfortable resonance with the callous indifference of present day American Exceptionalism.

Excellent.

That was great.

having my lived experiences explained in such clear and magistral way is stunning. thanks for such eye opening revelatory video can't express how meaningful this has been

The generation the Grand Social Experiment of Austerity of the Capitalist Order targets is youth. It is by increments of generations that Austerity is successful and wide spread. For two reasons: first austerity defines society as a society of individuals to deflect awareness in youth and replaces the theory that holds society develops within and through a class struggle, the two primary protagonists labor and capital, and in the process of using economic downturns shifts the source of wealth from a majority to a minority. The economic paradigm that finds labor is the creator of wealth is effectively destroyed. Austerity uses a trifecta of monetary, fiscal and industrial polices to crush each generation of workers for the preservation of the capitalist order is amply supported by the evidence. Austerity is not merely CUTS IN THE BUDGET, it is constantly moving as a political program carried on by each new elected politician ascribing to these aims, no matter how popular they are and always in the direction I cited. Austerity is permanent war on labor. Further, austerity was never about curtailing inflation and balancing budgets as Americans falsely believe and are falsely told. Austerity is ‘the’ method and means to the greater end of preserving the capitalist order which police, unions, schools, religions, popular culture, scholars and scientists, fit into so well to preserve the specific class relation that cannot function without force to sustain it. Permanent states of war to crush any form of opposition to this aim, ---a rigid and punishing form of totalitarianism. After 1918 and WWI, the crisis of capitalism caused a reaction of historic significance among States in Europe. Acutely aware and highly sensitized were the concerned about the survival of the capitalist system and its corresponding class of capitalists to crush socialism, a new powerful economic force in history, The system was shaken at its very core in 1918. You don’t know this, you are most likely not an economist nor old enough to have lived with the oral histories of a generation of that era. America exemplifies this social experiment; the State’s political objectives, to crush the alternative and make itself the main producer and regulator of the workforce. In short, fascism,--- the merger of state and private Capital through technocrats and economic advisors. Workers and the majority of citizens realized at that time up to the 1980s, they could be living in a different social order, and the State, city governments began to crush the alternative social order with policies in the three areas of economic life coercing workers into greater exploitation. Chickens Come Home To Roost: The high level of crime, proliferation of drugs and guns, war, criminalization and material deprivation of working people, is at the same time the social process of preserving capitalism, and the entrepreneur class at center stage of the State, for whom the police serve and protect, become the drivers of economic growth. Austerity shifts economic resources from a majority to a minority, the fall of wages and unemployment kills the worker’s voice is the lesser share of the wealth in wages your parents enjoyed when wages were high and their grandchildren will not enjoy as wages fall ( assuming you are born two decades before 1980). Labor or the working class’s incomes deflates into a material deprivation through economic downturns (inflation, unemployment); these are the tools for the preservation of the Capitalist order and for the subordination of the working class into permanent poverty.

Great, real, and important analysis. This is the way yhe world is, under all the myths and mis-direction.

Excellent content! And, as such, it’s only a matter of time before like Chris Hedges, Democracy at work will be shut down; some excuse will be found to do so.

That is true that local agents’ of imperialism interests is to conserve situation as is to maintain their privileges. That is true that American (or any other) imperialism can lean on this class, those who benefit of colonial system. But at the same time, the greatest revolutionaries, those who inspired and motivated masses of oppressed nations to fight against imperialism, most of them came from this privileged class that supposed to support neocolonialism in their countries. There are a lot of examples. Che, Fidel, Pedro Albizu Campos in Puerto Rico.. there’s long list of them. This certainly fits the dialectic logic.

Amazing

Perhaps a good follow up would be about China's growing influence in Africa and Latin America, and why the Western powers are so afraid of that.

China, the importance of mutual respect and win win

Mr professor ! India Pakistan haven't got independence yet .We are still living in colony , may it be the collective west or the US .

Thank you Sir Richard. Pls give us more contents like imperial colonialism in Latin America. Lots of ❤ 😍

thank you.

As a native of colony once held b,y Spain France and England, 🇹🇹, the professor is spot on ...The vestiges of the ShitStem still lingers to this day....

Without challenging Prof. Wolff's narrative, which I think is simplified but essentially correct, I must say that colonial empires are pre-capitalist, not just the Iberian empires (clearly not yet capitalist at all, proto- at best) but the Roman Empire (late Republic and Principate) itself were colonial empires prior to Capitalism. There may be others. Also decolonization obeyed to two reasons: (1) the contradiction of democracy (only for metropolitans and a few assimilated, not for the colonial masses, who, if obtaining those rights, would overwhelm the metropolitan governance institutions), and (2) the competition by other imperialist powers: first Britain vs Spain, then Japan vs the European powers, then the USA vs everybody else...