It was Brazil’s President Lulu da Silva who remarked that while it was the blue eyes and blond of the Western world, it was the brown people whom were paying the price. Lulu’s frank observation needed to be heard. It was not about race per se, but about the North-South divide.

Most of the attention in the U.S. media dealing with the economic crisis has focused on the plight of Wall Street bankers. These investors were living in a world of hubris where bonuses were an entitlement divorced from performance. These investors were greedy and needlessly risky, and some, like Bernie Madoff, were just plain criminals. These men brought the world economy to its worst crisis since the Second World War.

How pays? The investors on Wall Streets have been bailed out by over a trillion dollars on behalf of the U.S. government. Wall Street is, of course, suffered trillions in loses, but the slump in economic growth has not meant a difference between being rich, middle-class and poor for investors.

But the slump in the world economic has meant exactly for over a hundred million people. These are the workers in the developing world in Africa, Asia and Latin America. Especially Africa. These individuals have jobs very elastic to changes in the world economy.

Because of the world recession, the United Nations estimates that between 105 million and 143 million will be pushed into poverty, mostly in Africa. Wall Street is rebounding, but the world’s poor are still paying for the sins of the North. And their costs is not just spending less on eating out, but eating a lot less if at all. Just thought I’d inform you.