7 August 2008

Book Review - Confession of an Economic Hit Man

Dear Readers,

I just finished to read the following very interesting book, entitled
"Confession of an economic hit man", written by Mr. John Perkins.
Mr. Perkins is currently an US activist and he rose to fame since he published the mentioned book .

In "Confession of an economic hit man (EHM)", Mr. Perkins describes his experience within the Corporatocracy system around the globe.
He worked for several decades as EHM for a company called MAIN where his job was basically to predict bloated rates of growth for so-called developing countries.
As direct consequence of the future bloated rates of growth, the EHM had the role to convince the governments of those countries in order to acquire western companies technologies needed, for example, for power plants, new airports, etc.

Indeed, these infrastructures and technologies were not needed by the countries that got this "offer". But although there was no demand, the demand had to be created. In fact, the EHM rather than convince, had to corrupt the governments of developing countries.

By operating in such a way, an Economic Hit Man (EHM) brought tens of those nations under the direct control of western companies and governments, and the new bought unneeded infrastructures ended up to be useful only for few rich families, and condemned the poor to even worsen their social conditions. In fact, the developing countries had to pay the unneeded bought infrastructures, and there were basically only two ways to put the debt right:
  • The first way is represented by a payment back by means of natural resources. A typical victim of this first solution is Ecuador, which was forced to allow the exploitation of its oil resources to companies as Chevron and Texaco, by suffering the consequent destruction of large part of the Amazon area. Area where old civilizations were living in peace with the forest. The cancellation of that area condemned these populations to leave the forest, which mean condemns them to endless poverty.
  • A second way that does not exclude the first, is the payment back by applying for a loan. The loan was obviously offered by banks in good relations with the same companies , which were building the infrastructures. The government of both, bank and industries, was giving its strategic political support. By acting like that, the Corporatocracy forced the developing countries to get into debt forever. This is the famous debt of the developing countries.
Seldom, the governments of these countries did not accept to be corrupted by EHM, in other words the EHM failed. In a Mafia-like society, as the one of the corporation, this cannot be accepted, and the standard procedure planned a second phase: the step in of the jackals, which are nothing else than secret agents (e.g. in the case of the book, they belonged to the CIA). The task of jackals was to remove any obstacle to the realization of the initial plan, in other words their task was to physically eliminate the uncorrupted government that dared to face the current western company and government. Typical cases cited in the book are: Omar Torrijos (President of Panama) and Jaime Roldos (President of Ecuador).

In case that jackals failed too, the army would have finally unilaterally attacked the refusing government, by condemning to death several civilians. The book cites as a clarifying example the case of Iraq.
In Iraq it was impossible to "convince" Saddam to accept the second part of the deal signed with the Corporatocracy. Moreover, the jackal failed due to high-professional skills of Saddam personal security. It is famous the case of a perfect replica of Saddam.
Therefore, the last step was the army. And this is the Iraq war: a war that is exponentially increasing the wealth of few rich people, and bringing bilions of people to the starvation.

I hope that after this brief summary you are now curious to read this book. A book where you could find more details and reference than what I have presented here!

Thanks for reading!

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