Imagine a modern multinational corporation sets up operations in a developing country, extracting natural resources and employing local workers at low wages. How does this scenario reflect the principles of colonialism and its impact on global inequality?

When a modern multinational corporation operates in a developing country, it often mirrors the practices of colonialism by exploiting local resources and labor. The company may take valuable natural resources from the land, which can lead to environmental damage and depletion of local wealth. By paying local workers low wages, the corporation benefits while the workers remain in poverty, reinforcing a cycle of inequality. This situation creates a power imbalance where the corporation profits significantly, while the local community does not see fair benefits from the resources being extracted. For example, if a mining company operates in a rural area, it may generate huge profits but leave the local population struggling with poor living conditions and limited economic opportunities.