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Confessions of an Economic Hit Man, by John Perkins
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- Sales Rank: #1451432 in Books
- Published on: 2006
- Binding: Paperback
- 303 pages
Most helpful customer reviews
0 of 0 people found the following review helpful.
Read to understand the nature & subtelty of the American global empire
By Sonny Laskin
After reading this book, this work gave me a totally new perspective on the halcyon period of my life growing up in Jakarta, Indonesia in the early 1980's. My father was a Vice President in finance credit & lease lending for the once bank Manufacturers Hanover (later merged to Chemical bank and finally to Citibank to grow its monopoly on banking), where he lent money mostly to the oil companies to finance their exploitation of the island's oil resources. Once where I viewed the exclusive private school I went to JIS (its where President Obama also went to when he grew up in Jakarta), the exclusive expatriate suburb Pondak Indah and the expensive American club, I now see as places to exclude and get away from the native population and their culture albeit the American embassy did at times have the occasional presentation on Indonesian culture. Since I was very young, I had a very dissembled view on the Indonesian native population. I also lived like the author for six months in the Hilton Hotel (though he stayed at the Intercontinental) paid by Manny Hanny and had the most fun eating all the food you can eat, play all the tennis & bowling you can. I know now I see a different take on the servants we had and the driver we had to drive our family all around Jakarta. What was their life like and what was their families like that had to do to sustain our lifestyle?
Its the central theme in John Perkins book. The exploitation of the many as indentured workers to serve the very few special rich. Its an intertwined web of corporations, governments and NGOs (Perkins calls this web the Corportocracy) to produce non-sustainable debt in third world countries that they can never pay off to eventually give our Country's corporations eventual exploitation of their resources as an ersatz for payment of their debt.
Perkins cites many other third world countries besides Indonesia like Panama, Ecuador, Chile, Venezuela,..etc that America has used this method of entrapping and having influence over using the EHM method of debt piling a country's balance sheet. Its very intriguing to read about if the politician does not go along with this and is assassinated by jackals hired by the CIA to overthrow that leader and to install a puppet leader to be used by the United States. This is not a spy novel but this is all common knowledge and Perkins is great in assembling and bring together all the knowledge that is out there on American global manipulation and putting it together in this book.
Perkins makes a good point that all this debt riddling of countries will eventually come to an end when the US dollar no longer is the world's reserve currency. As this debt would eventually need to be called and repaid. I do think Perkins should have mentioned that not only does the USA debt burden foreign countries but the US debt burdens its own citizens domestically also. American savings loans, US bank bail outs, QE1-3,..etc have also enlarged out domestic debt. So not only doesn't the American government do not really care about foreigners living off in far off lands, it essentially doesn't care about its own citizens. Add that in with State and municipal governments with huge pensions and debts it cannot repay, America is on the verge of bankruptcy. So this corpotocracy system seeks to exploits its own citizens may show that end is very near. Only at the end does the government animal cannibalize its own population.
Perkins does not explain why the EHM model changed from his time in the early 1970's with a NSA liaison training him specifically to exploit countries by fudging economic statistics to the time in the early 1980's when NSA government help was no longer needed. The new fresh graduates were somehow automatically brainwashed in the money Perkins was making to just accept the fact that to make a lot of money this is how to play the game. I really don't find that plausible and Perkins doesn't really clearly explain this in a cogent fashion for me to accept his explanation.
In summary a sublime work on the nature of empire building by the USA corportocracy in the 20th & 21st centuries. Of course the USA will fall inevitably probably in the next 10-20 years and we will be watching the rise of China take over the hill as the big dog and Mr. Perkins thesis that the US dollar will lose its status as the world's reserve currency will come to fruition and the USA global empire will crumble. Read this book now before the USA corporate empire becomes a memory in books about empires like the British, Ottoman & the Roman.
6 of 6 people found the following review helpful.
Fascinating & Shocking
By Rory
During college I came across numerous critiques and debates over the negative aspects of globalization on "emerging countries" in how often times quality of life is worsened, not improved for the local populous. In this respect, Perkins's insights are not revolutionary. However, his discussion of how unchecked personal greed leads to the intertwining of political and financial interests to create a new global empire is fascinating. This new global empire, deemed the "corporatocracy", seeks to advance the interests of unbridled capitalism (read: corporate greed) through a combination of economic and military pressures. What's truly fascinating, and frankly shocking, is that this omnipresent greed is often not the work of handful conspirators, but rather the product of a system that equates materialism and consumption with economic and social development. That's not to say there aren't appalling examples of cloak and dagger conspiracies and purposeful manipulations, such as American support of the House of Saud, the Panamanian invasion, support for the Iranian Shah, and Halliburton in Iraq, but the truly sickening examples are the pervasive and far more subtle manipulations engendered by a system driven by consumption. This book exposes how special interest groups manipulate perception to advance personal interests at the expense of long-term national security and global stability.
This book is not "political" in the sense that it is a criticism of the current administration, or favors Democrats over Republicans, but rather is an indictment of all drivers of global empire, which includes government, media, and finance heads across the political spectrum. Moreover, this is not a criticism of America as some might suggest. It is a criticism of a perversion of the American ideals of freedom, equality, and the pursuit of happiness with the pursuit of ever-increasing consumption. This consumption fuels our need for natural resources, which in turn drives our foreign and economic policies leading to corruption and abuse of our power as the world's sole Super Power. It helps illuminate how this abuse has created many of America's enemies, because our dependence on foreign resources has forced us to create this global empire with little regard for those we seek to bring into our spheres of influence. This unsustainable empire building poses far greater risks to the U.S. than any individual terrorist or rogue nation threat because it is this reckless imperialism that destroys empires. Confessions of an EHM is essential reading to understand how the greed of our past continues to drive the current geopolitical instability. Open your eyes to prevent history repeating itself for the next generation!
0 of 0 people found the following review helpful.
I took a course in development economics. I think ...
By Thomas Cousins
I took a course in development economics. I think this book should have compulsory reading for the course. It shows clearly how the US together with international financial institutions its lackies in the third world went about impoverishing underdeveloped countries.
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