Question

How is colonialism variously renewed in the present capitalist system?

Answer 1

Answer:

Colonialism is the policy of a nation seeking to extend or retain its authority over other people or territories, generally with the aim of economic dominance. The colonising country seeks to benefit from the colonised country or land mass. In the process, colonisers impose their religion, economics, and medicinal practices on the natives. Colonialism is the relationship of domination of indigenous by foreign invaders where the latter rule in pursuit of their interests.

Answer 2

Colonialism has played an important role in the ‘rise of capitalism’. The plantation wealth and slave trading led to the rise of capitalism.  

Explanation:

• Capitalism led to the start of the ‘industrial revolution’. Capitalism and the industrial revolution led to the creating of better technologies and more choices in the present system.

• The present-day capitalist system has seen a commercial transition with improved conditions of living and with the introduction of newer technologies and new methods.  

• There are new and organized government with improved judicial systems and awareness for democracy.

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