Confessions of an Economic Hit Man - Softcover

Perkins, John

Softcover

ISBN 10: 0091909104 ISBN 13: 9780091909109

Publisher: Ebury Press, 2006

Synopsis

As an EHM in the '60s and '70s, covertly recruited by the US National Security Agency, John Perkins helped further American imperial interests in countries such as Ecuador, Panama, Indonesia and Saudi Arabia. He tried to write this book four times but was threatened or bribed each time to halt. The events of 9/11 - a direct result of the activities of EHMs in the 1970s - finally forced him to confront the role he played himself, and to reveal the truth to the rest of the world. "Confessions of an Economic Hit Man" has become a word-of-mouth bestseller in the US. It has been called the book that finally 'connects the dots, the book that best explains what is really going on in the world'. Once you've read it you will find yourself recommending it to everyone you know. It can truly change the way you view the world. As one US reader writes: 'I feel that this is not just a book - it is an event, with powerful cultural and political ramifications. This book turns our understanding of history upside down, and I implore you to read it as soon as you possibly can. The more people who are aware, the more easily change can brought about.' Following his EHM work, Perkins founded Independent Power Systems, an alternative energy provider that successfully changed the US utility industry. He is now president of Dream Change Coalition, a nonprofit organization working with Amazonian and other indigenous people to help preserve their environments and cultures. 'As I travel around the world, I find that people know that their country just received a billion-dollar loan, for example, from the World Bank and that American corporations are there benefiting from the loan, but that their own lives are getting worse,' he says.

About this title

Review

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

From the Back Cover

"[A] gripping tell-all book."
—The Rocky Mountain News

"Astonishing."
—Boston Herald

"This riveting look at a world of intrigue reads like a spy novel . . . Highly recommended."
—Library Journal

Edition details

• Publisher: Ebury Press
• Publication date: 2006
• ISBN 10: 0091909104
• ISBN 13: 9780091909109
• Binding: Paperback
• Language: English
• Number of pages: 256