A Note on Capitalism and Imperialism

by Don Boudreaux on September 19, 2009

in Intervention, Myths and Fallacies

Bill Easterly concludes this important blog post by observing that

imperialism is not so clearly linked to capitalism and free markets after all; historically there has been a closer link between colonialism/imperialism and state-led approaches to development. People who like Imperialism are fond of a big military state presence, so it’s not so surprising that they are also fond of a big economic state presence.


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