Sunday, March 20, 2005

Economic Hit Men

There is a very important book out there that i have not heard or read to much conversation about. The book is titled " Confessions of an Economic Hit Man".
John Perkins(author) tells his story as an EHM. Basically him and his team would go into a country like Panama or Iraq and create a prospectus on how much money a loan from the World Bank would take to create a thriving infrastructure in an otherwise Third World Country. Basically they would impress upon the Dictator of said country that accepting the loan would be advantageous to the country and more importantly to the Dictator. With the loan from the World Bank the Dictator would accept a chunk and the rest of the funds would be to pay for contracts to American companies to rebuild the infrastructure of the country. This would basically leave the country indebt to the U.S. for eternity but give the Dictator the power to stay in office.continued

No comments: