Northern countries are extracting wealth from the South, leaving behind destroyed communities, environments, and economies

According to phys.org:

Transnational corporations are particularly involved in conflicts related to products of high value or large environmental footprints, such as corn, cotton, oil, gas, or precious and rare minerals. In contrast, conflicts over lower-value resources, such as coal or waste, more often involve domestic companies.

The extraction and transport of such strategic goods allows Global North companies to more efficiently concentrate wealth while transferring harms such as land dispossession, deforestation or oil spills to communities and ecosystems in the Global South.

The study also shows that the involvement of transnational corporations in extractive conflicts is linked with more harm and worse outcomes for local populations. The authors document more violent events, forced displacements, land dispossession, loss of livelihoods and traditional knowledge, as well as greater impacts on women and Indigenous peoples when multinational companies are involved.

According to fool49:

Companies like Shell and Glencore, are involved in extracting value from poor countries and transferring it to rich countries. Many of these companies are part of the UN Global Compact or have sustainability policies, but they are destroying local communities and environment. Self reporting doesn't reveal the extent of companies negative impact.

They are part of the developed country or Northern conspiracy to extract wealth from the developing or Southern countries. The companies must be held responsible for their actions. There is much emphasis on corruption, because the South can be blamed for being corrupt. But more negative, is the involvement of developed country multinationals in conflicts, stealing land from indigenous people, poor labor rights, and destruction of local environment.

The Northern send the extracted commodities to feed their domestic industry. Leaving behind destroyed communities, environments, and economies in the South.

Reference:
https://phys.org/news/2025-05-corporations-global-conflicts-reveals.html