PDF Ebook Confessions of an Economic Hit Man, by John Perkins
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Confessions of an Economic Hit Man, by John Perkins
PDF Ebook Confessions of an Economic Hit Man, by John Perkins
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Amazon.com Review
John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. "Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars," Perkins writes. Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations. Think John Le Carré, except it's a true story. Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn't afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. When their governments couldn't do so, as was often the case, the U.S. or its henchmen at the World Bank or International Monetary Fund would step in and essentially place the country in trusteeship, dictating everything from its spending budget to security agreements and even its United Nations votes. It was, Perkins writes, a clever way for the U.S. to expand its "empire" at the expense of Third World citizens. While at times he seems a little overly focused on conspiracies, perhaps that's not surprising considering the life he's led. --Alex Roslin
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From Publishers Weekly
Perkins spent the 1970s working as an economic planner for an international consulting firm, a job that took him to exotic locales like Indonesia and Panama, helping wealthy corporations exploit developing nations as, he claims, a not entirely unwitting front for the National Security Agency. He says he was trained early in his career by a glamorous older woman as one of many "economic hit men" advancing the cause of corporate hegemony. He also says he has wanted to tell his story for the last two decades, but his shadowy masters have either bought him off or threatened him until now. The story as presented is implausible to say the least, offering so few details that Perkins often seems paranoid, and the simplistic political analysis doesnÂ’t enhance his credibility. Despite the claim that his work left him wracked with guilt, the artless prose is emotionally flat and generally comes across as a personal crisis of conscience blown up to monstrous proportions, casting Perkins as a victim not only of his own neuroses over class and money but of dark forces beyond his control. His claim to have assisted the House of Saud in strengthening its ties to American power brokers may be timely enough to attract some attention, but the yarn he spins is ultimately unconvincing, except perhaps to conspiracy buffs.Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
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Product details
Hardcover: 250 pages
Publisher: Berrett-Koehler Publishers (November 9, 2004)
Language: English
ISBN-10: 1576753018
ISBN-13: 978-1576753019
Product Dimensions:
6.5 x 1 x 9.5 inches
Shipping Weight: 1.4 pounds (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
1,477 customer reviews
Amazon Best Sellers Rank:
#51,612 in Books (See Top 100 in Books)
Here's a great scam. Offer up a large scale construction project to a country, something along the lines of a new dam or a power plant to supply electricity. Send in an economist to inflate the potential economic growth in GDP generated by the project. Lend the country the money to build the project and when the anticipated growth in GDP doesn't materialize and the country defaults on its loans you now own a country. Is this the way the world works or is it just the paranoid ravings of John Perkins?Perkins assertion is that the United States government works in collusion with the World Bank, IMF and large construction companies like Bechtel and Halliburton in order to set up a system of dependency or financial entanglement with third world and oil rich countries in Africa, South America and the Middle East. The goal is to extend the U.S. global empire and, in the past, to halt the spread of communism. With the fall of communism the goal has transformed into plain old greed and domination.Writers like Robert Kagan and Thomas Barnett have argued that there are two worlds out there. Barnett calls it the Core and the Gap. In the stable democratic Core we live by a certain set of rules, in the Gap we live by a different set. Barnett sees the U.S. involvement in the Gap like a cop walking a beat in a bad part of town, Kagan calls it the jungle and when in the jungle you need to fight by the laws of the jungle. The problem is, who decides what constitutes the Core and the Gap and how does this relate to business? Did the United States have the right to invade Panama, kill thousands of people and dispossess the lock because we didn't like Manual Noriega? Do indigenous people around the world not have the same property rights as American's if they live on valuable land? Do American corporations have the right to exploit people in poor countries and have them work under conditions illegal in the U.S.?John Perkins book is an apology and an attempt at atonement for his self perceived sins for the thousands of lives he's harmed. It's also a realization that he himself was responsible for his actions, not his parents, not his school not the people at MAIN who introduced him to the business of Economic Hit Man.In the end Perkins sees the United States standing at a crossroads and as on September 11th we may see more of the windfall of the anger fomented overseas. Perkins mentions that Asian countries might switch from the U.S. dollar to the Euro which could have disastrous effects on a U.S. economy that relies on Asian loans to support our lifestyles. This seems a bit off topic since Perkins never mentions U.S. corporations abusing Asia. In fact financial entanglement is one of the things that probably stops China from making such a move since American companies like Wal Mart import more from China than most entire countries including industrial powerhouses like Germany. Still, exposing the dark underbelly of globalization is a noble cause if only to try and improve our actions in the future. As Perkins says the United States is the one country on Earth that has the money and resources to do the right thing and improve the world for everyone and not just a small group at the top of the economic ladder.
This is a powerful book which offers substantial evidence for fighting the corporatocracy in all countries. It has strongly molded my understanding of hostility toward American foreign policy from the viewpoint of developing countries. The depicted abuse of influence over the world bank to encourage developing nations to take on US loans to pay US corporations for projects with inflated economic projections was astonishing. The author bluntly admits that these loans are never meant to be repaid, as all parties involved know the economic projections accompanying these infrastructure loans are bogus. Instead, it is a tool supporting US political power in international negotiations.The confusion came in the form of the author's insistence that corporations, left alone, are hurting foreign interests with or without government protection/assistance. He claims that corporations opening foreign factories and paying workers low wages hurts those people...that you'd think $1 a day is better than $0 a day, though in fact this is not the case. However, the author never supports this claim the way he supports other claims. While the support for corporatocracy hurting indigenous cultures was lucid and apparent, the damage done by corporations alone was not. This seems to highlight an internal struggle the author may have. On the one hand, he makes very clear that corporations' use of government to exploit other nations is a staggering problem, while on the other hand he seems to imply that government needs to be more involved with activities of corporations. See the contradiction here? Without further support, it's not clear that corporations, void of government partnership and subject to competitive market forces, are in any way unfavorable from either a production or consumption standpoint.
The very way the book was written lead one to wonder after reading the whole thing, "Was this a true account from someone who actually experienced it OR was it well-written fiction designed to match the times and events that occurred in the periods and nations represented." The whole idea of being a hit man is to do your job and move on to the next one anonymously, leaving no traces, ideally with a different M.O. to the extent possible. Perkins seems to have done that ... IF he really did anything ... IF he actually existed. IF, IF, IF ... the book left me plagued with doubt which is the best job a hit man can do, The most heinous crime is most successful when the authorities cannot determine whether it was a crime or an accident. The economic hit man can plant a seed and be two continents and a year or two away when the fruits of his labors emerge in the intended (or unintended) results.The book is definitely fascinating - a page turner. You have to decide whether it is real or fiction.
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