{"id":5828,"date":"2015-02-19T06:32:43","date_gmt":"2015-02-19T11:32:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5828"},"modified":"2015-02-19T06:32:43","modified_gmt":"2015-02-19T11:32:43","slug":"greece-and-the-endgame-of-the-neocolonial-model-of-exploitation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5828","title":{"rendered":"Greece and the Endgame of the Neocolonial Model of Exploitation"},"content":{"rendered":"<h3><a href=\"http:\/\/www.oftwominds.com\/blogfeb15\/Greece-neocolonialism2-15.html\" target=\"_blank\"><span class=\"Apple-style-span\"><i><b>Greece and the Endgame of the Neocolonial Model of Exploitation<\/b><\/i><\/span><\/a><\/h3>\n<p><span class=\"Apple-style-span\"><i>With the bankruptcy of Greece now undeniable, we&#8217;ve finally reached the endgame of the Neocolonial-Financialization Model.<\/i><\/span><\/p>\n<p><b>We all know how old-fashioned colonialism worked:<\/b>\u00a0the imperial power takes physical control of previously independent lands and declares its ownership of the region as a newly minted colony.<\/p>\n<p>&nbsp;<\/p>\n<p><b>What&#8217;s the benefit of controlling colonies?<\/b>\u00a0In the traditional colonial model, there are two primary benefits:<br \/>\n1. The imperial power (the core) extracts valuable commodities and low-cost labor from its colony (the periphery)<br \/>\n2. The imperial power sells its own high-margin manufactured goods to the captured-market of its colony.<\/p>\n<p><b>This\u00a0<i>buy low, sell high<\/i>\u00a0dynamic is the heart of colonialism<\/b>, which can be understood as one example of the\u00a0<a href=\"http:\/\/www.oftwominds.com\/blogjun13\/core6-13.html\" target=\"resource\">The Core-Periphery Model<\/a>\u00a0(June 11, 2013).<\/p>\n<p>The book\u00a0<a href=\"http:\/\/www.amazon.com\/gp\/product\/0140092331\/ref=as_li_tf_tl?ie=UTF8&amp;tag=charleshughsm-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399369&amp;creativeASIN=0140092331\" target=\"resource\">Sweetness and Power: The Place of Sugar in Modern History<\/a>\u00a0is an excellent history of how this model worked for Great Britain.<\/p>\n<p>The tensions this model generated in the colonial elites of America are brought to life in\u00a0<a href=\"http:\/\/www.amazon.com\/gp\/product\/0691089140?ie=UTF8&amp;tag=charleshughsm-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0691089140\" target=\"resource\">Tobacco Culture: The Mentality of the Great Tidewater Planters on the Eve of Revolution<\/a>.<\/p>\n<p><b>This traditional model of colonialism was forcibly dismantled in the 1940s-1960s.<\/b>\u00a0Former colonies established their political independence, a process that diminished the wealth and global reach of former colonial powers.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece and the Endgame of the Neocolonial Model of Exploitation With the bankruptcy of Greece now undeniable, we&#8217;ve finally reached the endgame of the Neocolonial-Financialization Model. We all know how old-fashioned colonialism worked:\u00a0the imperial power takes physical control of previously independent lands and declares its ownership of the region as a newly minted colony. &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[3641,3642,1573,1167,3643],"class_list":["post-5828","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-colonialism","tag-core-periphery","tag-financialization","tag-greece","tag-neocolonialism"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5828"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5828\/revisions"}],"predecessor-version":[{"id":5829,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5828\/revisions\/5829"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}