It's not the old-fashioned form of colonialism anymore, U.G. The Soviets were the last to try that, and it failed because it was too obvious. The corporate form of colonialism is unofficial, much more subtle, and just as brutally effective. It's done by controlling money and marketing and supposedly independent local political factions, not by establishing officially owned colonies. When you control the money (through organizations like the World Bank), when you control the flow of goods (through corporate contracts), when you have the US military to back you up if anyone doesn't cooperate with the economic colonization of the Third World...who needs official colonies?

You don't recognize the wolf, because he is wearing a sheep's costume, but he is still a wolf.

Official colonialism is out of style. De facto and absolutely real economic colonialism has never been more powerful than it is now.

You just control the big money and you back it up with the big guns. Everything else falls into line. The few rich grow richer, the many poor grow poorer, the dwindling middle class vanishes bit by bit. It's happening at home too on your own ground. You are witnessing the decline and fall of small scale capitalism, of a genuinely free market, and of a genuinely free society.