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Putin Broadens Rules On Russia's Use Of Nuclear Arms
(www.barrons.com)
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this post was submitted on 19 Nov 2024
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To sum up, both traditional colonialism and neocolonialism are acts of exploitation of a nation by another more powerful nation. The difference is in the methods used, but not in the fundamental nature of the act. In both cases, colonialism stems from capitalist relations because it is the capital owning class that seeks to maximize their profits through exploitation of the working majority domestically and abroad.
Now that we've established the definition, hopefully you can see how losing neocolonial influence is a big problem for the western economies that are fundamentally built on the ability to extract labor and resources from the global majority.