IN this quote Benjamin Franklin is referencing the failed "Albany Plan," since this was his idea, in which the colonies would have formed a loose union in order to better manage taxes.
The answer you are looking for is World System Theory. Take the scramble for Africa for example, European nations fought over land and resources, is the continent of Africa thriving now? Very few nations in the region have developed economies and industry.
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I how attended.1 second long did it last.
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England got ready to colonize by getting new economic structures and a new merchant class paved the way for colonization England’s merchants lacked estates but they had new plans to build wealth. By collaborating with new government-sponsored trading monopolies and employing financial innovations such as joint-stock companies, England’s merchants sought to improve on the Dutch economic system. (i think)
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