Neo-Colonialism is the geopolitical practice of using capitalism, business globalization, and cultural imperialism to control a country, in lieu of either direct military control or indirect political control. The term neo-colonialism was coined by the Ghanaian politician Kwame Nkrumah, to describe the socio-economic and political control that can be exercised economically, linguistically, and culturally, whereby promotion of the culture of the neo-colonist country, facilitates the cultural assimilation of the colonised people, and thus opens the national economy to the multinational corporations of the neo-colonial country.

The Theoretical Difference between Paleo-Colonialism and Neo-ColonialismEdit

Paleo-Colonialism (Colonialism proper, whose definition is beyond general dispute) is understood to be the exploitation by a stronger nation towards a weaker nation, primarily for the use of the weaker nation's public resources is to strengthen and enrich the public of the stronger nation, through directly intervening in their political, economic, and cultural affairs in order to dominate the resources, labor, and market of the colonial territory. (The Declaration of Independence by Great Britain's Thirteen Colonies in the Americas was inspired mostly as a resistance against this direct type of oppression of one nation by another, the idea of indirect economic oppression not yet being on the radar.) 

Neocolonialism, on the other hand, is a term used by post-colonial critics of developed countries' involvement in the developing world. Critics of neocolonialism state that private, foreign business companies continue to exploit the resources of the states that were once colonized by an outside country. Libertarianism will often excuse this state of affairs as necessary for the freedom of the world market freedom of the Rich to exploit the rest.

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