Nail on the head.
And all the UN is good for is aiding and abetting the annexing of wealthy countries, while extorting and funneling resources from these same "wealthy" countries under the premise of "fairness." We've been donating $billions at a clip, and yet after the elite grab their "take", and/or squander this aid to the black market, the "un-developed" nation's citizens are no better off. If they were , well then -- they wouldn't need to keep requisitioning further aid, would they?