Confessions of An Economic Hit Man
Publisher: Ebury Press
Random House, 20 Vauxhall Bridge RoadLondon SW1V2SA
Price: Not Mentioned
EXPOSING GLOBAL ĎDEVELOPMENTí RACKET
we delve deep, we find that most of the loot and corruption is done in the garb
of development. This sort of corruption is much greater than that in arms deals.
Both Indians as well as people of other countries are involved in this
malpractice with the only difference that othersí corruption can easily be
seen in arms deals while Indians are more exposed in cases of corruption in
development projects than others are.
of an Economic Hit Man causes sensation by exposing development mafia spread
across the world. There is great substance in Perkinsís work. This is why it
is well received. Perkins has been an Economic Hit Man for several decades. In
this autobiographical work, he has made a full confession.
writer, a US citizen, has been one of the few executives who get exorbitantly
high salaries. His job entailed convincing nations in favour of development,
giving them false expectations of prosperity and siphoning off millions of
dollars from such a country to America on the pretext of development projects.
reveals that most of the underdeveloped and developing countries are brainwashed
about the need of starting specific development projects and then provided with
loans through the World Bank. All the hopes and dreams of these countries are
shattered after a while. They are never in a position to pay even the annual
installment of interest, what to talk of the principal amount. In fact their
annual income is too meagre to enable them to pay their interests.
these beleaguered countries are exploited to the hilt. They are browbeaten into
allowing American military bases on their territory. Obviously, they have no
option but to give in. In more than 125 countries America has its military bases
having its armies, warships, arms and ammunition. This enables America to
control the world in an efficient way. Perkins says this system is no less
unjust than erstwhile empires. He asserts that rage against the injustices of
this system caused September 11.
of all, an Economic Hit Man selects a milch cow in the form of a country. He
prepares a grand survey and a fictitious report about its economic capabilities,
which are later propagated through big newspapers. If a country dares to
disagree with what the Economic Hit Man has to say, it is destabilised with the
help of its political parties, activists, media persons and intellectuals.
Governments are toppled, elections are rigged, politicians and officers are
heavily bribed, people are taken on foreign trips, and their children are sent
to study and are given jobs abroad. And people who resist are murdered.
countries are coerced into voting for America in the UN. Perkins holds that
these tactics are not new for empires, but today they have become terrible and
deadly. Once ensnared, there is no way out for these countries. As a result,
they are always on the side of America on all international issues. And, some
way or the other, they are compelled to provide their natural resources for
discloses that when a loan is sanctioned by the World Bank, it first reaches US
companies and banks instead of the country which has got it issued. This is so
because there is a deal with the country that it has to spend the money on
building "infrastructure" ≠" long roads, bridges, machines, buildings,
communications, offices, etc. American companies like Bechtel, Halliburton,
Chevron Texaco Corp win all the tenders for "infrastructure" building. There
are a number of companies which actually are local branches of US companies. In
some local companies, they have a big financial stake. Each of them partake of
their share of the pie.
If it goes the way itís going, the author warns, it would be stoking rage against these US companies and creating political upheavals. Moreover, it might cause events like September 11. He says the book is written only in the interest of America. g