Colonialism, Development and the Emergence of Industrial Capitalism

J Edgar Mihelic
4 min readMar 26, 2019

It is hard to separate the very idea of capitalism in any of its forms from the emergence of colonialism and imperialism in what are now the lesser developed countries.

Image by MustangJoe from Pixabay

To really think about this, it goes back to Smith. In looking at the output of the pin factory, he celebrates the division of labor in which “This great increase of the quantity of…