What was life like in the colonies? Probably the best word to describe it would be "colonial".

The underlying economic logic of the colonial economy was the exploitation of natural and human resources. Colonies became sites for generating surplus while the were sites of accumulation. The result was the development of the centres and the underdevelopment of the peripheries. Production processes relied heavily on coercion rather than on contractual consensus for reproduction: forced labour, forced peasant production, enforced cash-crop sales, restrictions on organisation and association and the criminalisation of ‘civil relations’.

Instead of speeding up growth, colonial activities such as mining and cash-crop farming speeded up the decay of "traditional" African life. In many parts of the continent, vital aspects of culture were adversely affected, nothing better was substituted, and only a lifeless shell was left.

As we all know, in the last few centuries colonialism and imperialism unscrupulously enslaved and plundered the people of Asia, Africa and Latin America. Exploiting the cheap labour power of the local people and their rich natural resources and imposing a lopsided and single-product economy, they extorted superprofits by grabbing low-priced farm and mineral products, dumping their industrial goods, strangling national industries and carrying on an exchange of unequal values. The richness of the developed countries and the poverty of the developing countries are the result of the colonialist and imperialist policy of plunder.

One major problem in Africa from a capitalist viewpoint was how to induce Africans to become laborers or cash-crop farmers. In some areas, such as West Africa, Africans had become so attached to European manufactures during the early period of trade that, on their own initiative, they were prepared to go to great lengths to participate in the colonial money economy. But that was not the universal response. In many instances, Africans did not consider the monetary incentives great enough to justify changing their way of life so as to become laborer or cash-crop farmers. In such cases, the colonial state intervened to use law, taxation, and outright force to make Africans pursue a line favorable to capitalist profits. When colonial governments seized African lands, they achieved two things simultaneously. They satisfied their own citizens (who wanted mining concessions or farming land) and they created the conditions whereby landless Africans had to work not just to pay taxes but also to survive. In settler areas such as Kenya and Rhodesia the colonial government also prevented Africans from growing cash crops so that their labor would be available directly for the whites. One of the Kenya white settlers, Colonel Grogan, put it bluntly when he said of the Kikuyu: “We have stolen his land. Now we must steal his limbs. Compulsory labor is the corollary of our occupation of the country.”

Colonial Africa fell within that part of the international capitalist economy from which surplus was drawn to feed the metropolitan sector. As seen earlier, exploitation of land and labor is essential for human social advance, but only on the assumption that the product is made available within the area where the exploitation takes place. Colonialism was not merely a system of exploitation, but one whose essential purpose was to repatriate the profits to the so-called mother country. From an African viewpoint, that amounted to consistent expatriation of surplus produced by African labor out of African resources. It meant the development of Europe as part of the same dialectical process in which Africa was underdeveloped.

They were a people so primitive they did not know how to get money, except by working for it.

During the centuries of pre-colonial trade, some control over social, political, and economic life was retained in Africa, in spite of the disadvantageous commerce with Europeans. That little control over internal matters disappeared under colonialism. Colonialism went much further than trade. It meant a tendency towards direct appropriation by Europeans of the social institutions within Africa. Africans ceased to set indigenous cultural goals and standards, and lost full command of training young members of the society. Those were undoubtedly major steps backward.

But the rise of capitalism also depended on something else. It needed labour. Lots of it, and cheap. solved this problem too. With subsistence economies destroyed and commons fenced off, people had no choice but to sell their labour for wages – not to earn a bit of extra income, as under the previous regime, nor to satisfy the demands of a lord, as under serfdom, but simply in order to survive. They became, in a word, proletarians.

They lived in abysmal misery, yet they had no prospect of a better tomorrow. They existed under capitalism, yet there was no accumulation of capital.

Even the widespread resort to shifting cultivation with burning and light hoeing was not as childish as the first European colonialists supposed. That simple form of agriculture was based on a correct evaluation of the soil potential, which was not as great as initially appears from the heavy vegetation; and when the colonialists started upsetting the thin topsoil the result was disastrous. The above remarks show that when an outsider comes into a new ecological system, even if he is more skilled he does not necessarily function as effectively as those who have familiarized themselves with the environment over centuries; and the newcomer is likely to look more ridiculous if he is too arrogant to realize that he has something to learn from the “natives.”

Over the last few decades of colonialism, colonial possessions served capitalism as a safety valve in times of crisis. The first major occasion when this was displayed was during the great economic depression of 1929–34. During that period, forced labor was increased in Africa and the prices paid to Africans for their crops were reduced. Workers were paid less and imported goods cost a great deal more. That was a time when workers in the metropolitan countries also suffered terribly; but the colonialists did the best they could to transfer the burdens of the depression away from Europe and on to the colonies.

In pre-Victorian England the world was oblivious of pollution, greenhouse effects and overpopulation. Nationalism, competition, endless growth and colonisation were encouraged. These values are what shaped the monetary and banking systems we inherited.

Under the early capitalist system, genocidal invasions and the and other animals around the world continued. Spain ravaged what is now Latin America, Britain wreaked havoc everywhere from Ireland to Australia to North America, and the capitalist class in these and other nations of Europe scrambled to accumulate wealth through the plundering of Africa, with the bodies of countless humans and other animals left in their wake.