I've always considered Europe to be a junior partner in imperialism, but, especially since the 2025 trade war capitulation, it seems there has been a qualitative shift in their world status.
Comprador leadership, military occupation, and tech subordination are all hallmarks of a neocolony, and Europe has all 3.
I suggest you listen to this talk by Richard Wolf! It might not be the most in-detail one you will hear, but it let's you see the process.
https://youtu.be/OV75Z_vyE4g?is=HfIvuBYRabnlo2SC
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Richard Wolff is a reformist and not a reliable source.