"[B]y 1870 the logic of empire seemed to be ebbing. There was little in the way of luxuries that could not be made more cheaply in the industrial core. Plus, it became more expensive to conquer than to trade. But empires are not built on logic alone, and... they continued to grow. Conquering, controlling, exploiting, and... a general debasing, continued. ...By 1870 the difference in power between imperial and subjected colony had become immense... The improvements in transport and communications made war and conquest and occupation vastly easier."
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J. Bradford DeLong, Slouching Towards Utopia: An Economic History of the Twentieth Century (2022)
https://en.wikiquote.org/wiki/Imperialism
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J. Bradford DeLong
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