Colonization and now Imperialism have been the driving forces of Western European Economies for centuries. All of this sheer expropriation of wealth hasn’t gone away in any capacity, the IMF still debt traps countries in Africa, Latin America, and other areas in the Global South. Especially during the latter 19th and early 20th centuries, countries like Britain, Germany, and France had industrialized to the point of monopolization, and a blending of financial and industrial Capital. This turned towards the Global South, seeking to export Capital to super-exploit for super-profits.
If you want to read about the origins of this system, the book Imperialism, the Highest Stage of Capitalism is quite a quick read, written in the early 20th century (though it mentions many entities that exist today in the same forms, like Deutsche Bank). For modern analysis, Super-Imperialism by Hudson, though it is US based Western European Imperialism is intricately tied to US Imperialism.
Colonization and now Imperialism have been the driving forces of Western European Economies for centuries. All of this sheer expropriation of wealth hasn’t gone away in any capacity, the IMF still debt traps countries in Africa, Latin America, and other areas in the Global South. Especially during the latter 19th and early 20th centuries, countries like Britain, Germany, and France had industrialized to the point of monopolization, and a blending of financial and industrial Capital. This turned towards the Global South, seeking to export Capital to super-exploit for super-profits.
If you want to read about the origins of this system, the book Imperialism, the Highest Stage of Capitalism is quite a quick read, written in the early 20th century (though it mentions many entities that exist today in the same forms, like Deutsche Bank). For modern analysis, Super-Imperialism by Hudson, though it is US based Western European Imperialism is intricately tied to US Imperialism.