Confessions of an Economic Hit Man this question feed

asked by webin on November 1, 2006 12:53 PM
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


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I really enjoyed the beginning of this book and the historical insight it provides about the foreign policies of the US in the 60s-80s. However, the way the author ends the book, which includes shallow descriptions of his feelings and advice on what "you" can do to make things better, makes me feel like it should be in the self-help section.

The book could be read as two: one history, one a character study (nothing much of a confession.) The author is clearly imaginative, a master at marketing, and an expert at self-deception. He would be an interesting character study, like a modern Boswell, if he were honest enough with the details of his own actions to confess something worth the scrutiny.

This book would be better if it were either a historical perspective on US foreign policy or a self-help book for people overwhelmed by and distrustful of the demands and policies of capitalism. It fails and annoys in its effort to be both historical and therapeutic. This was on my Christmas list, but by the last quarter of the book I was so overcome by the author's inflated ego I was just glad I read it as a loaner and didn't willingly give him any of my hard-earned money.
reviewed by gilbert on November 6, 2006 9:20 AM

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A unique perspective on US foreign policy. I just couldn't put this book down.
reviewed by maxwell on November 27, 2006 8:04 PM

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