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Incidentally, the globalization of capital and other related resources is a continuation of a historical process that began with the mercantile era or indeed, is as old as man. The Dutch East Indies and the Royal Niger Company of 200 years ago are the HSBC, Barclays, USB and other multi nationals like Coca Cola, McDonalds, Exxon Mobile, Royal Shell, Sony, Philips and many others whose goal seems to be the aggregation of capital in as few hands as possible. No need to send a Cortez or a Columbus or a Drake or Cook on expeditions for huge profits. This is the Global age and a few computer screens will tell you exactly what is going on across the globe in an instant. (Remember Wall Mart’s Global Screens?)
So for those who may think that colonialism is a thing of the past, it is time to think again. Imperialism and dialectical materialism as envisaged by a certain famous philosopher might not have come to pass, or at least, not as he predicted. But the sad fact remains that today, more than at any age in thousands of years of human domination through occupation and colonialism is witnessing the concentration of more wealth in the hands very few. Recent figures show that the top 5 percent control about 70 percent of global resources. And this was facilitated by Globalization. So the fact should be accepted that Globalization is another (digital?) form of Colonialism.
It is good thing that most of us do not realize it.
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Salisu
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Great insight Salisu ! Abraham Joseph | Apr 17th, 2015
You have exposed the actual state of affairs of the modern- world, that claims to be open,liberal and people oriented;unfortunately, people could know about these naked facts only from these rare internet-pages..the rest,institutionalized mass-communication arms of the world (professional media)are owned and controlled by the masters of the world, who cannot be counted as part of 'people'. My post at linkedin: http://tigurl.org/0fhore-97217672-freedom-and-free-market-mutually-complementary?trk=mp-author-card adds-up ideas to your blog..
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