Academic discussions of the reasons for Third World poverty usually sound similar to something Communist Romanian dictator Nicolae Ceausescu, who lived in luxury while his people starved, declared at a UN conference in 1974: “The division of the world into developed and underdeveloped countries is a result of historical evolution, and is a direct consequence of the imperialist, colonialist, and neo-colonialist policies of exploitation of many peoples.”
That same year, a French professor wrote in a UN publication that “the rich white man, with his overconsumption of meat and his lack of generosity toward poor populations, acts like a true cannibal, albeit indirect. Last year, in overconsuming meat which wasted the cereals which could have saved them, we ate the little children of the Sahel, of Ethiopia, and of Bangladesh. And this year, we are continuing to do the same thing, with the same appetite.”
However, what really destroyed the Third World had nothing to do with the West. The Third World was irrevocably harmed by the scorched-earth economic campaign that was waged against Israel by the oil producing nations.
Bayard Rustin wrote in the NAACP journal The Crisis in April 1974 (and reprinted in Time on Two Crosses: The Collected Writings of Bayard Rustin):
And yet in raw economic terms, it is the world’s developing nations that will suffer most severely from the oil embargoes and price increases which have been imposed by the Arabs. The Development Forum, which is published by the Centre for Economic and Social Information of the United Nations, notes that prior to the energy crisis the poorest countries were already paying 20 percent more for imported fuel than the industrialized world. The Forum further observed:
“The recent price rises have greatly aggravated their [the underdeveloped nations’] plight. Unless the upward spiral in the price of oil is halted, or some measure of relief provided, it could bring development of the Third World to a dead halt…. Industrial countries are also affected, but they have fallback positions: e.g., rich coal deposits that can be reactivated, and the technology to speed up the development of new resources from nuclear to geothermal and, eventually, solar energy. Above all, they have the financial means to meet the rising price of oil. No such escapes are open to the poorer nations…. Oil, which flows so easily from well to pipeline into tanker, refinery and pump, and eventually, into furnace or generator, is a convenience for the industrial countries. For the developing world, it is a lifeline which is essential to their survival.”