Ponting begins by describing the Spanish and Portuguese conquests of the following Atlantic Islands - the Azores, the Madeira's, the Canaries, and the Cape Verde's. The occupation of these early colonies created a pattern of conquest repeated by other European powers for the next several hundred years. The pattern involves the following:
Most of the crops grown on these plantations were cash crops, such as sugar cane, tobacco, cotton, tea, cocoa, rubber - and later, palm oil and bananas. Once grown, the crops were shipped to Europe for processing and consumption. Local inhabitants, shoved off their land, were forced to grow subsistence crops on the smallest and least fertile plots of land. With food supplies depleted, malnutrition and associated diseases became prevalent. To this day, Third World nations export more food (often for Western luxury consumption) than they import (for simple subsistence).
In addition to disrupting local agricultural systems, Europeans also exploited their colonies for timber and minerals. The British mining of the Pacific Nauru and Ocean Islands, as described in the chapter, provides one striking example.
Finally, the consequences for the Third World are explored. Ponting states, "The achievement of political independence in the Third World did not bring economic independence. Economies remained tied into the global system created by the industrialized world and their structure." (pg. 222) Industries and lands previously held by the colonial powers were simply privatized by foreign, multinational companies. Third World nations still, by and large, produce and export only cheap, raw materials: processing and manufacturing plants are still located in the West. Increased output of raw materials does not help these countries economically because such increases lead to decreases in the value of the materials produced. In theory, free market economiesenc ourage nations to specialize and concentrate on the production of those items for which they are best suited. This theory was thwarted by European colonization because commodities were produced for European gain and benefit while the self-interests of the colonies themselves were ignored. The Third World continues to try to break free from the deleterious, lasting effects of colonization.