Confessions of an Economic Hitman

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September 11 dramatically altered many people's perspectives on life and the world around us. The horrific events which occurred on that beautiful mid-September morning in 2001 changed John Perkins, author of Confessions of an Economic Hit Man.

Mr. Perkins, a highly respected economist, once worked as chief economist at Chas. T. Main, an international consulting firm in Boston. Even though he worked for a private corporation, he was sent abroad under government contracts to convince leaders of developing countries, places of strategic importance to the US, such as Indonesia, Iran, Saudi Arabia, Panama, Ecuador, etc., to accept enormous "loans" from the United States. The money would then be used to pay American companies to build local infrastructure and other projects.

So while American corporations were profiting from these "loans," the countries were sinking into overwhelming debt. The poorest people, who benefited least from these projects, were the ones stuck with the responsibility for payment. These countries usually became US puppet regimes, open to American corporate manipulation. If a leader refused to play the game, the consequences could be lethal. This is blatant economic blackmail - where your best buddy turns out to be the vindictive loan shark.

Perkins' tale is a gripping one and the international and political intrigue involved gives the non-fiction book the feel of a suspense thriller. The narrative is very well written and fast-paced. I do highly recommend Confessions Of An Economic Hit Man. Whether you like Mr. Perkins or not, he has some very valuable information and insights to share. One cannot help but benefit.

1 comments:

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