The capitalistic (current credit intensive) economic system is basically tailored to suck people in, countries in, etc. This happened a lot with the 3rd world and their resources, then with the 1st world and millions were affected there as well (an example is the housing crisis, it is a type of abuse to fool people into thinking they can afford a house they really can’t afford, then destroy their lives once it is obvious they cannot repay. It is predatory but the big people are happy, the rest are oppressed to no end). In such cases the distinctions between the first and third worlds disappear totally.
Consider that even Iceland became bankrupt, a place which was supposed to be developed, post-religion, all those things. But evils do happen even within their own paradigms, and they take a very real toll.