Nope, capitalism is only about private ownership -> seeking profit.
You might be confused with mercantilism -> colonialism/imperialism.
Basically the terms above were born from a bit of the process of human travel in their efforts to create an ideal society. The form of ideas is then formulated in terms of what we know as certain socio-political-economic views. There is such a thing as democracy, communism, socialism, liberalism, and so forth.
Mercantilism is an economic theory that assumes that the welfare of a country is only determined by the number of assets or capital stored by the country concerned and that the magnitude of the volume of global trade is extremely important.
Mercantilism occurs aimed at the interests of developing industries in European countries were European countries, especially the UK are developing an industrial revolution in which to carry out the industrial revolution, industrial raw materials needed to be purchased at the lowest possible price and obtain as much as possible so that implemented mercantilism.
The emergence of the Industrial Revolution opened up opportunities for capital owners to open and establish industries. They are increasingly competing to invest their capital. This led to the emergence of capitalism, namely the new economic system adopted by Britain, which incidentally was the largest industrial country in the world, where every individual who had capital had full rights to determine their production activities.
On its development. capitalism is not only an economic principle but a political ideology. One of the prominent features of the ideology of capitalism is the existence of a free economic system, where there are no restrictions regarding the benefits derived or the limits of economic competition, meaning that profits can be achieved as much as possible. Moreover, in this ideology, there will usually be no interference from the government in the market.
There are many social and political problems mashed up together in the term "capitalism."
Let's continue the discussion about how capitalism rules the world. If the capitalists have hegemony at the national level, then there will be a new problem, namely the existence of excess production and the lack of absorption of production results in the country so that they make planning for world-level hegemony:
6. Opening markets in poor and developing countries and creating world economic organizations such as the WTO and GATT (general agreement on Tariff Trade), so excess products can be marketed freely abroad
7. Open a multi-national corporation in the country which is the object of its export, with the aim of preventing the opening of the same industry as a competitor and selling its products cheaper
8. to increase profits it is necessary to master the source of raw materials by dictating the birth of various laws that are able to guarantee that foreign companies can fully control the source of raw materials
9. Dropping the value of the local currency so that the price of raw materials is cheaper by the Foreign Exchange Market. If the country has opened its foreign exchange market, the world capitalists will be more free to "play with" the value of the local currency, in accordance with their wishes.
10. To reduce production costs, low-wage labor must be obtained through the process of education liberalization. Education subsidies were revoked so as to encourage as many vocational schools to be opened. With this school, it is certainly expected that there will be many students who are highly skilled, obedient, as well as willing to be paid low.
11. Intervention The law requires puppet rulers who are obedient to the wishes of world capitalism, by providing means, ranging from campaign finance assistance, media publications, manipulation of survey institutions, to the intervention in the vote-counting system at the General Election Commission.
If it has planted its hegemony in a country, a new problem will emerge, namely, the death of the country so that it will pose a threat to the capitalists themselves to market their products
12. A non-governmental organization is developed so that the community can develop a home-scale industry in order to continue to have income. The capitalists will support the activities of NGOs in the hope that society will continue to have purchasing power, will decide on the role of the government and, most importantly, that the colony will not become a large industrial country forever.
Until this stage, capitalists still have a threat that is the threat of an economic crisis. but the capitalists have prepared a solution which is:
13. Capitalists simply "force" the government to provide a bailout or economic stimulus that funds come from the State Budget. The source of state revenue is derived from the people's tax, so there is an economic crisis that is disadvantaged by the people
14. To resolve the crisis, the Government submitted foreign loans to the IMF which resulted in the intervention of the IMF in determining a country's policies in return for loans provided
15. Middle trap Income is a policy that can lock a country into a hegemony of capitalism.
6,7,8,9,11, 12, 14 requires support from banks and also the capital market.
