"By paying attention to the wealth created by human labor out of nature, one can immediately appreciate that very few underdeveloped countries are lacking in the natural resources which could go into making a better life, and in those cases it is usually possible for two or three territories to combine together for their mutual benefit. In fact, it can be shown that the underdeveloped countries are the ones with the greatest wealth of natural resources and yet the poorest in terms of goods and services presently provided by and for their citizens."
January 1, 1970