January 13th 2020

The New Confessions of an Economic Hitman. John Perkins.

The New Confessions of an Economic Hitman. John Perkins.  2016. ISBN 9781626566750.  If you don’t read about the international crooks you will not recognize them at home.  The author worked many years as an EHM. He was trained to go into third world or struggling countries to inflate growth projections from large infrastructure projects  ( Saudi Arabia, Ecuador, Panama etc). These projects would then be funded by the World Bank and others and the country would be loaded up with debt.  . The money lent would go to US firms to do the work (of course some $  would find its way into select in country pockets).  The US engineering/construction company owners would pocket huge profits.

The projects would under deliver and the country would not be able to pay even the interest on these huge loans.  The US would pressure the govts to take on more debt, vote certain ways at the UN , buy more US products and so on.. The peoples’ lives would get worse not better. ( shades of the banana king and 1MDB )  If the govts did not play ball with US plans, regime change, assassination etc. would happen (Chile, Honduras, Ecuador, Panama.  Wrap a large disinformation campaign about this all.   You could not make this stuff up.  The author points out now that the same tricks are going on in US states with big projects and perhaps even in Canada.

A potent read, albeit the author is not concise enough for me. The story speaks very loud about the dangers of these large US companies, the military industrial complex and US policy.  Evidently China is following the same US playbook.

Similar Posts:

Category: Economic Development_ Urban, Finance, History, International

Comments RSS | Permalink | Trackback URI

Leave a Reply