Comment Re:I think "admits" is probably the wrong word. (Score 1) 2056
Back in the day, wars were fought for territory. The invading country benefited not only from the resources on the land, but also forced labor of the native people as well as the prestige of expanding the empire.
During the 19th and 20th centuries, due to social theorists, economic trends and costly revolutions, empires no longer seemed worthwhile. However, the nations who had colonies remained close to those governments and still reaped alot of benefits from their former colonies.
I think that because of global economics and other factors, powerful nations no longer colonize or occupy weaker ones, but rather install and maintain friendly governments a nation such as the USA, its citizens, and corporations can benefit from cheaper resources, including labor.