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d e s , g e colonies. Unlike in the past when they had ruled and plundered their colonies by means of overt coercion, they now nominally recognized the sovereignty of the newly independ- ent countries and developing nations and offered them so- called "aid". In this way they subjugated these countries politically and economically, exploiting and plundering them. Neocolonialism became a means for the imperialists easily to infiltrate the developing countries. In former days the imperialist powers scrambled fiercely for colonies, but since beginning to rely on neocolonialism they have conspired together to penetrate the developing countries and pacify the resistance of their peoples using "aid", in particular, as a bait. In this way they were able to seize commodity markets and raw material resources without difficulty. With capitalist countries acting in collusion economically and technically and acquiring large markets and raw material resources in the developing countries, the level of socializa- tion of production rose markedly, and production and technology developed quickly in the capitalist world. These changes in the capitalist world offered the ad- vocates of imperialism grounds for the argument that the basic contradiction of capitalism had been resolved and that capitalism was no longer moribund capitalism, but growing and prospering capitalism. However, the basic contradiction of capitalism has never been settled, nor has the predatory nature of imperialism ever changed. Capital cannot be anything but capital however international it becomes. The multinational company is nothing but a mode of existence for major monopolies; it intensifies capitalist exploitation and guarantees imperialist domination, on a world scale. A change, if any, has taken place in the method of capitalist exploitation and plunder in 5