“White” LEDs emit light in the wavelengths that we refer to generally as being Red, Green and Blue. But, they are very narrow bands of those colors. They do not emit other colors, such as Yellow, or wavelengths that we might call Red (or Green or Blue) that are just near the wavelengths the LED does emit.
When you look directly at an LED, your eye responds to the signal strength of the 3 colors it is emitting and you perceive a very bright White light.
Your eye responds to very broad bands of Red, Green and Blue wavelengths, not just the narrow bands that LEDs emit.
Objects, on the other hand, reflect some wavelengths more than others, including wavelengths that an LED does not emit.
When LED light is projected onto objects, if the wavelengths the object reflects are not one of those narrow bands that the LED is emitting, then there are no wavelengths to reflect. Thus, your eye will perceive the object as dark (in the total absence of other light and if the object does not reflect any of the narrow bands available, then it will appear as Black).
I think it is funny in that advertisement on TV, where they claim a flashlight can be seen over 2 miles away and so it must be wonderful to use to light your path. It IS good for signaling if you are signaling someone that has direct line-of-sight to the flashlight, but you still cannot read a newspaper with nothing but that flashlight as the source of light. White newsprint paper may not reflect much of the particular wavelengths the LED is emitting and thus appear very dark against the black ink.
In my experience, using LEDs as headlights on cars is not a good idea… to get enough light to make the driver feel like he can see the road, you blind oncoming drivers that are in direct line of sight to the LEDs.
LEDs are improving. Today the wavelengths they emit are broader than they used to be, but they are still not good