According to
Perkins, he began writing
Confessions of an Economic
Hit Man in the
1980s, but "threats or bribes always convinced [him] to stop."
According to his book, Perkins'
function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the
World Bank and
USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the
United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including
Graham Greene and
Omar Torrijos. Perkins describes the role of an
EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the
U.S. Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the
2006 edition provides a rebuttal to the current move by the
G8 nations to forgive
Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries
.
In the book, Perkins repeatedly denies the existence of a "conspiracy."
Instead, Perkins carefully discusses the role of corporatocracy.[2] --
November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the
National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early
1950s,
Kermit Roosevelt, Jr., the grandson of
Teddy, who overthrew the government of
Iran, a democratically elected government,
Mossadegh's government who was
Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the
Shah of Iran. At that
point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with
Russia when we did it this way. The problem with that was that
Roosevelt was a
C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the
N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist
Sebastian Mallaby of
The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the
London Economist and wrote a critically well-received biography of World Bank chief
James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that
Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in
1970. He also disputes Perkins' claim that 51 of the top
100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an
Institute for Policy Studies Dec
2000 Report on the Top
200 corporations; using
2010 data from the
CIA's
World Factbook and
Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men
- published: 07 Dec 2013
- views: 12808