The Trojan Horse is the universally accepted symbol of treachery and deceit. Nowadays it has been replaced by money or Direct Foreign Investment. In the name of globalization, the developed nations of the world are establishing their hegemony over the third world countries, Economic Imperialism, as it can be explained in the simpler terms. The world level organizations, which were once formed to support the poor nations have simply become puppets in the hands of the Capitalist nations. These nations are behaving like vultures relishing the dead animals. With their military powers they force the weaker countries to open their markets and then flood them with money. Foreign money is like drug-addiction, once a person gets into the habit, and then it is very difficult to get rid of it. Best example if this type of Imperialism is that of India. With the force of power, India was forced to open up its markets, then intoxicating money was pumped into the veins of the Indian economy and was paralyzed. John Sullivan, who was the President of Board of Revenue, Madras had once rightly said, “Our (British) system acts very much like a sponge, drawing up all the good things from the banks of the Ganges and squeezing them down on the banks of the Thames.”
The world has witnessed three form of imperialism. The first was the merchant imperialism, then came the Free Trade imperialism and the latest is the finance imperialism.
The only way to check this is simply to develop a feeling of nationalism among the masses. They should not be carried away by the pomp and show. All that glitters is not gold. We should not be foolish like the Trojans. We must remember one thing – there are no free lunches in this world. Everything comes with a price tag, and if it is imposed, it will not only carry its price tag but also the blood stain of the indigenous craftsmen.