UN General Assembly
1985

The peoples of the world, especially those of Africa, Latin America and Asia, are more and more feeling the heavy burden of the crisis and the exploitation of monopolies and transnational corporations which have in our day replaced the armies of old time colonialists. The colossal loans, which represent a new strategy of the imperialist Powers for the subjugation of countries and peoples, have suffocated the economies of many States and brought them to the verge of total bankruptcy. The industrialized imperialist Powers are using their technological and scientific monopoly as a tool of pressure in order to have the peoples of the developing countries remain backward forever and to intensify their neo-colonial exploitation.