Edward Gibbon Wakefield and the business of colonisation

In the final chapter of Book I of Capital, Karl Marx set his sights on the colonial theories of the English political economist Edward Gibbon Wakefield (1796-1862), crediting him with an unintended revelation:It is the great merit of E. G. Wakefield to have discovered, not anything new about the Colonies, but to have discovered in the Colonies the truth as to the conditions of capitalist production in the mother