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A Note on Capitalism and Imperialism

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Bill Easterly concludes this important blog post [2] 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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