That's an easy mistake to make. Judging countries by where they get their wealth, ie exploitation of the Global South, combined with judging by trajectory, will explain why this is a mistake.
Capitalism allowed the global north and "west" to outpace those other countries and exploit them in the first place. It wasn't moral, but capitalism is what positioned them in the first place.
Like I said, it wasn't moral. It is still a result of capitalism. Think we've probably finished here because you're not my teacher and you don't assign me reading.
Colonial imperialism began with industrialization in your explanation? Capitalist countries were colonizing the world well before the industrial revolution.
Colonialism is not the same as what I am referring to as Imperialism. I specifically mean the point at which Capitalism reaches outward and exports Capital to less developed countries to super-exploit for super-profits.