¶ Transnationalism vs. Colonialism (2)
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Index Entry
Transnationalism: vs. Colonialism:
"In due course the same chemical elements, as ingredients of the modern technology, were exported around the world thus to return from time to time to the countries from which the raw materials originated. This brought a great mark-up of the price of their original materials to the buyers in the countries of raw origin. Because of their meager money-producing economies, the balance of annual trade was always unfavorable to the ‘colonies’ and always favorable mm of the European or American sovereignties.
"In contradistinction to colonialism, which took resources away from people, the new corporate transnationalism brings resources to the lesser sovereign powers.
"In the early 1920’s Mexico effected a historical shutout of colonialism while conceptualizing and inaugurating hospitality for transnationalism. Shortly after World War I Mexico successfully expropriated the petroleum lands and the drilling, pumping, and refining equipment of all the oil companies which had invaded Mexico without any official permission other than corruptly obtained ‘licenses.’
