Colony (n.) yield higher profit for a simple reason: development is lower there, and so exploitation — through slaves and coolies — runs higher.
A Colony (n.) is made a colony not by its abundance of fertile land but by the fact that the land is not yet owned.
A Colony (n.) starts with the most advanced individuals of the old countries, and so with the most advanced form of intercourse before the old countries themselves can establish it.
A Colony (n.) breaks capital: where land is free there are no wage workers, so land must be made artificially dear to turn settlers into labourers — Wakefield’s theory, applied in Australia.
A Colony (n.) thinly peopled lacks the natural dependence of the free labourer on the capitalist, which then has to be supplied by artificial restrictions.
A Colony (n.) is where treasure captured by undisguised looting, enslavement and murder flows back to the mother country and turns into capital.
A Colony (n.) is where the truth about capitalism at home gets out: Wakefield discovered nothing new about the colonies, but in them the truth about the mother country.
A Colony (n.) is free where the soil is still public property and each settler can take a piece — the secret both of the colonies' prosperity and of their cancerous resistance to capital.