Confessions of an Economic Hit Man Paperback – Dec 27 2005
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John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. 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. "Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars," Perkins writes. Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations. Think John Le Carré, except it's a true story.
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. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. 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. It was, Perkins writes, a clever way for the U.S. to expand its "empire" at the expense of Third World citizens. While at times he seems a little overly focused on conspiracies, perhaps that's not surprising considering the life he's led. --Alex Roslin --This text refers to the Hardcover edition.
From Publishers Weekly
Perkins spent the 1970s working as an economic planner for an international consulting firm, a job that took him to exotic locales like Indonesia and Panama, helping wealthy corporations exploit developing nations as, he claims, a not entirely unwitting front for the National Security Agency. He says he was trained early in his career by a glamorous older woman as one of many "economic hit men" advancing the cause of corporate hegemony. He also says he has wanted to tell his story for the last two decades, but his shadowy masters have either bought him off or threatened him until now. The story as presented is implausible to say the least, offering so few details that Perkins often seems paranoid, and the simplistic political analysis doesnt enhance his credibility. Despite the claim that his work left him wracked with guilt, the artless prose is emotionally flat and generally comes across as a personal crisis of conscience blown up to monstrous proportions, casting Perkins as a victim not only of his own neuroses over class and money but of dark forces beyond his control. His claim to have assisted the House of Saud in strengthening its ties to American power brokers may be timely enough to attract some attention, but the yarn he spins is ultimately unconvincing, except perhaps to conspiracy buffs.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.
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Top Customer Reviews
And Perkins reveals all in this book as he pours out all the secrets of the profession that used to be his career. He reveals his handiwork in Saudi Arabia, Central America, and South Asia and although it is at the least ten years after the fact it still has some impact.
However, Perkins delivery is horrible. He doesn't write badly but it isn't great either. Also the way he tells the story is scattered and uninteresting even though this should page turning subject matter.
All in all Confessions of an Economic Hitman should be an amazing expose on a dangerous form of modern day imperialism but Perkins butchers it with his prose.
My problem is that the author spends too much time on self pity. He knew what he was doing was wrong yet it takes him 30 years to finally quit. Maybe he was enjoying the money too much. The book would have been perfect if he would have spent less time telling us how badly his conscious hurt and giving more details on the corruption going on in these countries.
The book is also a required reading for all Americans who think terrorism exists because they are jealous of American freedom. B.S. Terrorism exists because America creates too many downtrodden countries.
The book "The Creature From Jekyll Island" by G. Edward Griffin explains how the world's elite banksters have increased their power and control globally since they created the US Federal Reserve in 1913 in order to give themselves the sole authority to print or create electronic US Dollars and thereby indirectly control most of the world's money supply. Griffin's book provides the high level overview of what these elite banksters have done and are doing to Americans and others to strip them of their wealth and turn them into economic serfs of the corporatocracy under a "New World Order" run by them.
Perkins book provides many of the "gruesome" details of the corporatocracy's methods in achieving their goal(s).Read more ›
The history in this book is somewhat controversial. It is the less-shiny aspects of history which may or may not be taught in US schools (I will not make assumptions here), but which is easily accessible if one only looks for it. It is also quite well-documented and supported by evidence. Perkins discusses American corporate and governmental involvement with Saudi Arabia, Indonesia, Nicaragua, Panama, Ecuador and many other nations from a first hand perspective.
What is interesting is that we see this history as the setting for a very personal story, through the eyes of a participant. As the title suggests, it is in fact a confession. Perkins was an important player in some of the darker aspects of subtle non-governmental foreign policy, and he is not an apologist.
He shows a little bit of the psychology of people who commit evil acts on behalf of organizations to which they belong. For example, structures set up to do harm can generally find people with the personality characteristics that can be capitalized upon - greed, ambition, etc. What this means is, rather than simply provoking hate towards individuals who are perpetuating exploitation, Perkins reveals the underlying broader issues, such as the consequences of the misuse of power and profit. I think he very effectively places the specifics of historical facts (as well as his story) in context in a way that historical texts typically do not.
Although it is not a prescriptive book as such, Perkins does offer some ideas and suggestions at the end as to what individuals can do if they believe in trying to ameliorate the situation he has presented.Read more ›
Most recent customer reviews
You get to see how the world really works. Now I know why regular working folks can't have nice things.Published 2 months ago by Terry Leahey
A must read. Really opens your mind and makes you rethink things you've been told beforePublished 10 months ago by Colby Wilson
The banks are not the only underhanded financial institutions. Try adding the government itself.Published 10 months ago by JeromeC
Everyoine needs to know all about this stuff thats going on with big corporationsPublished 11 months ago by sylvaingibson
The book was a very interesting read and I was drawn to it because of an interview of Mr. Perkins about the recent events in Greece. Read morePublished 11 months ago by Muriel Eaton
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