The wealth extracted from resource-rich nations is routinely funneled through offshore networks, many of which are centered in former imperial capitals like London.
Only by dismantling these modern structures of imperial impunity can we hope to build an equitable global economy. To help me tailor future posts, let me know: Impunity and Capitalism: The Afterlives of Euro...
This created a dangerous precedent:
To understand modern global inequality, we must stop viewing capitalism and colonialism as separate historical eras. Capitalism as we know it was built on the scaffolding of empire, and it continues to rely on the zones of impunity that empire created. The wealth extracted from resource-rich nations is routinely
to prevent capital flight and tax evasion. Capitalism as we know it was built on
Dangerous industrial practices and waste dumping are frequently outsourced to former colonies, where regulations are weak and enforcement is compromised.