If you look at those undeveloped continent like Africa and most part of Asia, the suffering and poverty that existed within is not mainly cause by capitalism, socialism or any other form of government being practice by the state, The major cause of suffering in those part of the world is mostly cause by the high level of incompetence by our leaders.
Don't forget that elections bring forward mostly politicians with little interest into their people. I bet that some of the past White Governments have been more beneficial to some countries than the black version. Basically don't trust anyone who promise you equality,