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Confessions of an Economic Hit Man, by John Perkins
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As an Economic Hitman (EHM), John Perkins helped further American imperial interests in countries such as Ecuador, Panama, Indonesia and Saudi Arabia. As Chief Economist for the international consulting firm Chas. T. Main, he convinced underdeveloped countries to accept massive loans for infrastructure development and ensured that the projects were contracted to multinational corporations. The countries acquired enormous debt, and the US and international aid agencies were able to control their economies. He tried to write this book four times but was threatened or bribed each time to halt. The events of 9/11 - a direct result of the activities of EHMs in the 1970s - finally forced him to confront the role he played himself, and to reveal the truth to the rest of the world. Confessions of an Economic Hit Man has become a word-of-mouth bestseller in the US. It has been called the book that finally 'connects the dots, the book that best explains what is really going on in the world'.
- Sales Rank: #128301 in Books
- Published on: 2006-02-01
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x .67" w x 4.96" l,
- Binding: Paperback
- 272 pages
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 Carr�, 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
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 doesn’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.
Review
" 'Perkins has ripped open the belly of the financial buccaneers from his unique place on the inside. Here are the real-life details - nasty, manipulative, plain evil - of international corporate skullduggery spun into a tale rivaling the darkest espionage thriller.' - Greg Palast, author of The Best Democracy Money Can Buy"
Most helpful customer reviews
4 of 4 people found the following review helpful.
Truth Enslaves
By DH Koester
Well, well, well---another piece to the puzzle as to what constitutes the United States of America!
Besides the curse of blood-stained hands from endless wars of aggression there is another sinister side to this country's quest for empire and world domination--the enslavement of countries and peoples through cleverly devised debt imposition--the same method our government uses on its own people. This debt imposition on foreign countries serves to enrich foreign rulers and US corporations while impoverishing the common people.
Perkins was one of the people--a cog in the wheel --that made it all possible and when his conscience finally got the better of him he wrote a book about it.
Students will not read about these economic hit men ion any American textbook. Nor will they, as adults, read about it in any periodical or hear about it on any newscast. Politicians will not tell them about it nor will their religious leaders. Yet there is this book by John Perkins describing the process in detail. But those in power--those responsible for this immoral conduct--will allow it to be published and made available to the public without fear of reprisal or consequences--just as they have the countless other books that have spoken truth to power detailing corruption, war-making and deceit by those in the highest offices. Why?? Because the average citizen in this country doesn't care one iota about anything that he perceives as not directly affecting the welfare of himself or his family. That plus the fact that very few people will ever hear of or read this book. People don't read any more--they are plugged into their machines of instant gratification and get the bulk of what they think is news from inane sources such as the Letterman show. Even if some do read it, they will soon forget and move on--continuing with their mundane lives completely oblivious to the world that is suffering and burning outside their doors.
And me?? I know the truth--but even those who know the truth, they are powerless. There is nothing that can be done to stop the insanity. It is like death---Death eventually smiles at us all and the best a man can do is smile back.
I give this book 5 Stars not because it was particularly well written but because it informs in a world desperately in need of being informed. Read it if you will but with the understanding and full knowledge that the truth shall not set you free.
"And There I Was" by DH Koester
2 of 2 people found the following review helpful.
Powerful and confused
By Derek Zweig
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 virtually take on US loans for use on 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.
4 of 4 people found the following review helpful.
A Must Read! It Will Change Your Thoughts
By Michelle P
The only reason I bought this book was for a Argumentative Writing class. This book did not teach me how to write a argumentative paper. It did however, open my eyes to a world I knew nothing about. I normally only read paranormal romance but this book I actually wanted to read and finish!
Even if what Perkin's says is the truth or a lie, it does open to some great debates. I never heard of the Panama Invasion in high school. After reading and doing a paper on it for my class I learned there are a lot of cover ups for what was really the plan. Thousands and thousands of innocent people died during the invasion. It was said they were going after one guy but a few days before Christmas thousands of people, men, women, and children were murdered. Some even had their hands tied behind there backs. Why, because they said they were going after a man who was dangerous. When in reality the U.S. was losing there grip on Panama and needed it back.
I always wondered why people around the world hated the U.S so much. This book is worth the read. If you want to educate yourself, I suggest you pick this book up and start reading.
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