The World's Economic Power and Its Colonial Roots

The exploitation of natural resources and the reliance on foreign investment for development are direct reflections of that economic power and colonial past.

HISTORY

André Maia

11/8/20253 min read

man in black and white scarf
man in black and white scarf

The Legacy of Colonialism: The Basis of Current Economic Power

Historical colonialism played a crucial role in shaping the economic and social structures that still permeate society. With colonization came the systematic expropriation of resources, which enriched countries in the Global North while leaving colonized nations vulnerable and dependent. This legacy remains, shaping contemporary economic dynamics.

One of the most significant aspects of the colonial legacy is the formation of local elites in exploited countries who act as intermediaries for global economic interests. These groups, selected and promoted during the colonial period, perpetuated a system that prioritizes profits at the expense of local development. This dynamic results in the maintenance of deep socioeconomic inequality, visible in the disparities of wealth and access to resources in countries that were violently colonized.

The continued exploitation of natural resources and dependence on foreign investment are direct reflections of this colonial past. The economic models that were implemented still rely on extractivism and monoculture agriculture, revealing a lack of diversification and sustainable development in many economies. Moreover, this power structure contributes to the perpetuation of poverty and social marginalization by limiting opportunities for local empowerment and true economic progress. Thus, the roots of colonialism intertwine with present issues of social and economic injustice seen worldwide, even in countries considered first-world.

The Role of Corrupt Elites in Maintaining the Status Quo

In many developing countries, local elites are seduced by foreign capital, accepting terms and conditions in exchange for promises of power, wealth, and prestige. This dynamic creates an environment where external interests prevail over the needs and aspirations of the local population. In Brazil we see a financial elite that doesn’t produce a single screw and launders money for organized crime.

In Latin America, policies favoring foreign investors have systematically harmed local sovereignty. These elites, tied to political oligarchies, are seen as traitors to their own nations, acting in the interests of multinational companies and thereby widening the social gap. Support for reforms that benefit only a minority not only weakens democracy but also generates a cycle of dependence that keeps them in power while marginalizing, abusing, and disempowering the population.

The vicious cycle of co-optation and exploitation highlights how corrupt elites play a crucial role in maintaining the status quo, while their nations remain in a state of underdevelopment and economic dependence.

Institutional Sabotage and Control of Education

Education plays a crucial role in shaping conscious, critical individuals but has historically been the target of institutional sabotage by economic powers seeking to retain control. This devaluation of educational institutions contributes to a vicious cycle of ignorance and submission, undermining citizens’ capacity for analysis and questioning. The strategies used for this sabotage are multifaceted and range from budget cuts to educational institutions to the promotion of curricula that favor dominant ideologies and beliefs.

Actors from economic powers use the narrative that education is a financial burden, arguing that the resources allocated to it could be better used in other sectors. This logic lowers the priority of public education and results in an offering of inferior-quality schooling. Students receive inadequate training that limits and sabotages their understanding of reality, perspectives, and opportunities for social and economic emancipation.

Furthermore, the introduction of privatized educational models perpetuates inequality, since learning opportunities become accessible only to a portion of the population. The influence of corporate interests in schools creates a dependency that harms critical education, inhibiting free and autonomous discussion. Critical education, which encourages students to question and challenge social norms, is essential for realizing human potential and building a less unequal society.

The Media as a Tool of Manipulation and Disinformation

The media functions as a powerful tool, shaping public discourse, perceptions, and societal values. It plays a crucial role in forming opinion, manipulating and spreading disinformation. Local elites who control the media use these platforms to disseminate narratives that favor the interests of foreign capital.

Media conglomerates choose to highlight certain events and opinions while silencing and marginalizing voices that challenge the predominant narrative. Control of information not only limits the diversity of perspectives but creates a subaltern mentality, where the population tends to accept presented versions without question.

Disinformation campaigns are designed to confuse and divert attention from important issues. One example was the spread of fake news during electoral periods in Brazil, where distorted information influenced voting decisions and polarized society. The ongoing manipulation reinforces social inequalities but also perpetuates a cycle of disinformation that undermines citizens’ ability to make informed decisions.