Purchased? I think there's a difference there. When they start invading or overthrowing governments like our oil corporarions have done(for example in Nigeria), then maybe there could be some simmilarities.

[–] OttoVonNoob@lemmy.ca -1 points 4 months ago* (last edited 4 months ago) (1 children)

Neocolonialism, the control of less-developed countries by developed countries through indirect means. The term neocolonialism was first used after World War II to refer to the continuing dependence of former colonies on foreign countries, but its meaning soon broadened to apply, more generally, to places where the power of developed countries was used to produce a colonial-like exploitation

Neocolonialism is a wide concept, if you loan a country money you know they cant payback. Then they pay you in unequal treaties ie: Farm land, mining rights etc cheap. When another country controls your strategic interests they are not yours..

edit: Why ya'll downvoting me I grabbed the definition from Google?!?

[–] Confidant6198@lemmy.ml 0 points 4 months ago

People are downvoting you because there is a difference between helping a country develop and giving them debts that they cannot pay. China does a win-win policy and that is why it has made so many allies in the global south and many of the global south countries have joined BRICS