"Undoubtedly, European capitalism achieved more and more a social character in its production. It integrated the whole world; and with colonial experience as an important stimulus, it integrated very closely every aspect of its own economy—from agriculture to banking. But distribution was not social in character. The fruits of human labor went to a given minority class, which was of the white race and resident in Europe and North America. This is the crux of the dialectical process of development and underdevelopment, as it evolved over the colonial period."