Product Description
The runaway bestseller that has generated a major movie deal—and an international dialogue—with over 170,000 copies sold in hardcover and seven weeks on the New York Times list
“Economic hit men,” John Perkins writes,” are highly paid professionals who cheat countries around the globe out of trillions of dollars. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as Empire but one that has taken on terrifying dimensions during this time of globalization.” John Perkins should know—he was an economic hit man for an international consulting firm that worked to convince developing countries to accept enormous loans and to funnel that money to U.S.corporations. Once these countries were saddled with huge debts, the American government and international aid agencies were able to request their “pound of flesh” in favors, including access to natural resources, military cooperation, and political support. Confessions of an Economic Hit Man is the story of one man’s experiences inside the intrigue, greed, corruption and little-known government and corporate activities that America has been involved in since World War II, and which have dire consequences for the future of democracy and the world.
“[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
“Here are the real-life details—nasty, manipulative, plain evil—of international corporate skullduggery spun into a tale rivaling the darkest espionage thriller.”—Greg Palast, author of The Best Democracy Money Can Buy
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Amazon.com
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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 Great Thesis - No Proof ( rammoose13 )
Mr. Perkins has a great thesis and great angst about his role in the world. His thesis is simple - American engineering and oil companies go to third world countries and give hugely inflated estimates of growth potential. Using those inflated numbers, they induce the countries to get loans so they can hire the American companies to do the work. The country then is unable to repay the loan. The theory implicates American companies, the many politicians with ties to them and the World Bank, IMF and other financial institutions.
Unfortunately, Mr. Perkins fails to come up with the proofs. His outline appears feasible, but he never gives any instances of the loan and default portion of the thesis. There is nary a number or statistic to back him up. He does not cite a single defaulted loan.
Further, Mr. Perkins often draws parellels to the American Founders and our Revolution. His grasp of American history is sophomoric at best. He uses a cartoonish image of 1776 that one would expect from an elementary school student, not someone indicting corporations, international banks and presidential administrations.
Mr. Perkins does have some sources and they are noted. Again, they occasionally show his sloppiness with the facts. In one instance, he states with firmness that the Reagan and Bush administrations had been proven to have dirtied their hands in this corporatocracy (his term) scheme. The text said this was proven by testimony. When one checks the note, the testimony was by John Dean in 1973 and 1974 - six and seven years before the Reagan and Bush administrations. Such errors in fact and use of bad history undermine the reader's confidence in the basic theory of the book.
That all having been said, the book does show how America's corporations have gone into Third World countries focused only on their own bottom line. Their is no altruism in the corporate world. This pure greed is aided and abetted by connected politicians.
Most interesting are his accounts of the American-Saudi relationship where the corporate scheme worked with oil money rather than World Bank funds. Although Perkins seemed to criticize the plan, it worked well for both sides. It was a true win-win. Somehow, the author tried to tie in the Saudis' support of terrorism with its modernization and westernization. The parallel did not work - especially since he had given Saudi Arabia's history of being founded by fundamentalist Islamists long before the corporations came in. Mr. Perkins then tried to draw another parallel to Iraq. Unfortunately, he could never explain why the system that worked so well for Saudi Arabia did not work for Iraq.
There are some alarming aspects of this book and it really does read, in parts, like a novel. Alarm is what Mr. Perkins expects to raise with his "Confession". There is a lot to look at behind his accounts. Sadly, Mr. Perkins just did not deliver the goods to prove his points.
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 credible
I started reading this with some skepticism but it all seemed to add up to me - - believe it or not - up to you, but I think an interesting read and for me, it was credible..
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 Great book to read
This book is everything I hoped for. Very informational and helpful in understanding how the U.S interferes with other countries and how they are able to do what they do. Even though this is an easy read you should be familiar with the IMF and World Bank to better understand the process.
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What's all the commotion about? ( dewdney6 )
This is just a commentary on the reviews I'm seeing here. I'm really not sure why or how the one-star crowd finds this such a refutable narrative. If you know the very first thing about how the world bank, central banks in GENERAL and the quantum unit of central banking, being 'fractional reserve lending', then I cannot imagine how any of this seems debatable...! I mean - what exactly do you THINK the World Bank and IMF DO??
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You will be surprised how interesting this book is!
If you are interested in understanding how international politics and business go hand in hand through dirty deals, and read interesting real-life stories which proves the points and shows how history is made, then this is the book for you. Those who write that this book lacks credibility because it has few or "vague" facts are obviously just trying to smear it for personal political reasons. This book can easily be compared and ranked with other factual and interesting books like The best democracy money can buy, No Logo, Stupid White Men, Fast Food Nation, etc.
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