In many Asian, African and Latin American countries that have won political independence, the economic lifelines are still controlled by colonialism … - Deng Xiaoping

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In many Asian, African and Latin American countries that have won political independence, the economic lifelines are still controlled by colonialism and imperialism in varying degrees, and the old economic structure has not changed fundamentally. The imperialists, and particularly the superpowers, have adopted neo-colonialist methods to continue and intensify their exploitation and plunder of the developing countries. They export capital to the developing countries and build there a “state within a state” by means of such international monopoly organizations as “trans-national corporations” to carry out economic plunder and political interference. Taking advantage of their monopoly position in international markets, they reap fabulous profits by raising the export prices of their own products and forcing down those of raw materials from the developing countries. Moreover, with the deepening of the political and economic crises of capitalism and the sharpening of their mutual competition, they are further intensifying their plunder of the developing countries by shifting the economic and monetary crises on to the latter.