While global real GDP has nearly tripled since 1980, the number of people living in poverty, below $5 per day, has increased by more than 1.1 billion… - Jason Hickel

When the CIA made clear that they would back a coup, General - who was upset with President Sukarno for supporting policies that undermined the military's power - offered to lead it. In 1965, with the aid of weapons and intelligence from the United States, Suharto between 500,000 and 1 million of Sukarno's supporters in one of the worst mass murders of the 20th century. By 1967, Sukarno's base had been either eliminated or intimidated into submission, and Suharto took control of the country. His military regime - which ruled until 1998 - was open to Western corporate interests.

The rise of capitalism, rather than delivering improvements in human welfare, was associated with plummeting wages, a reduction in human stature, and a marked upturn in the incidence of famine. Progress did not begin until the 1880s in the European core, and the 20th century in the European periphery, the latter roughly a century later than the standard narrative suggests.

Economists often speculate that the failed to develop because of a lack of capital. But there was no such lack. The wealth that might have provided the capital for development (precious metals in Latin America and surplus labour in Africa) was effectively stolen by Europe and harnessed to the service of Europe's own development. The global South could theoretically have developed as Europe did were it not for the plunder of its resources and labour, and were it not for the fact that it was forced by Europe to supply raw materials while importing manufactured goods. Whether or not they would or should have done so is another matter, of course - after all, much of European-style development required violence towards other lands and other peoples. But the point remains: it is impossible to examine the economic growth of the West without looking at the base on which it drew.