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Confessions of an Economic Hitman

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Confessions of an Economic Hitman

This book caused quite a stir when it was published in 2004. It rocketed up the New York Times list, and Perkins–the author–was praised by some as a brave whistleblower, and vilified by others as a shameless liar.

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.

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. 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.

I found it a fascinating read, and would not be surprised one bit if the global scam that Perkins reveals is more or less true. If history has shown us anything about governments and the super-elite, it’s that they always succumb to egregious greed and corruption.

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