Cause of third world debt partly result Of the hard unjust transfer of The debts brunt of the colonizing states At a very high interest rates Also incurred as the rich countries Loaned the dictators or corrupt leaders To suit and support their interests They are paying for their own oppression The poor suffer while the rich get richer In some cases they have borrowed money To pursue conflicts or arms deals And need to increase illegal drug trade Or to milk the earth's resources for the cash Cut back on social health or employment Environment and education No less devastating than A war