Conserving blodiversity has in recent years become a concern of the gl
obal elite because of the commercial potential of the emerging biotech
nologies. But much of this blodiversity resides In the Third World tro
pics which are currently being drained of their biological and mineral
wealth. This process goes on because the costs of the resultant degra
dation are entirely passed on to the poor of the Third World countrysi
de who perforce have to depend on resources gathered or produced with
their own labour from their surroundings. The elite have always found
a substitute whenever a particular resource, or a particular locality,
has been exploited to exhaustion. Indeed, given their record, commerc
ial interests are likely to abandon the new found concern for conserva
tion once they acquire control over adequate levels of genetic resourc
es in ex situ storages. Long term conservation of biodiversity must th
erefore be attempted through empowering and suitably rewarding people
of the Third World countryside whose well being is linked to the susta
inable use of biological resources and conservation of the biodiversit
y in their own localities.