Confessions of an Economic Hit Man – By John Perkins (book review)



Book review: Confessions of an Economic Hit Man – By John Perkins
Confessions of an Economic Hit Man by John Perkins is an extraordinary book that reveals very important information about the beginnings of the globalization process, which spread inside the economies of many countries all over the world and continues until today. John Perkins describes himself as a former Economic Hit Man, who was responsible for ensuring the cooperation of so-called strategic countries with the United States’ most important economic players, such as General Electric, Bechtel or general Motors, as well as other important oil companies, international banks and government. His main role was to report the status of the economy and to analyze the vulnerabilities of the foreign government, companies, and banks and to use such information to blackmail the countries into accepting contracts that would eventually benefit the United States’ strategic interests and other American companies and few rich families that controlled the natural resources of the world. The most stunning idea that reflects from the book is that armed wars are out dated and less powerful than economic and strategic wars that eventually control the country without its citizen even knowing it. The details provided by John Perkins are by far close to fiction because it is almost impossible to believe that the main corporations, governments or banks would let such valuable information slip away to the public so easily and without any repercussions on the author. Nevertheless, the information is so well and easy to verify in the real world that it cannot be ignored and has to be trusted, even if it is only for the educational purpose of learning from hypothetical examples.
John Perkins starts his book with a rather short confession about the reasons behind him writing this book and the long process that eventually led to the publication of his memoirs. Even though Perkins is very convincing, the way he presents the process of writing the book, one question remains in the mind of the reader all the way to the end of the book: Why would all the actors of this conspiracy let such information go public? Of course, Perkins avoids the term “conspiracy” and prefers a more complex and maybe complete word, corporatocracy. Perkins says that corporatocracy is not a conspiracy, even though its members share common goals and values. One of the most important functions of a corporatocracy is to perpetuate, extend and consolidate this system of constant consumption on a permanent basis. This is what gives life to corporatocracy: constant consumption, oversized lives, car, offices and all that means economy. Everything has to be large scaled, inter-dependable and most important, controllable.
Diagnosing the past and contemporary strategic decisions
The author has a special way of telling the story of his life and of what his job used to be. He is often very straightforward when he characterizes himself and his business partners, as well as the actions he took that were often in the disadvantage of the countries that he was sent to sell out to the corporatocracy. The way he describes his actions are close to the way someone writes in a private journal, but by addressing the viewer, he manages to create a stronger connection between the facts that often seem taken out of James Bond movies and the feelings he had during the events he describes. Many of the strategies John Perkins describes are not so hard to image as being possible, such as the strategies adopted by the United States to work towards becoming a global empire, in the way presidents Nixon and Johnson dreamed: “it would have to employ strategies modelled on Roosevelt’s Iranian example,” which would also be “the only way to beat the Soviets without the threat of nuclear war” (Perkins 18).
Perkins cites Jim Garrison, the president of the State of the world forum to explain how only a few economic players control the globalization process and how they decide the faith of many nations:
Taken cumulatively, the integration of the world as a whole, particularly in terms of economic globalization and the mythic qualities of “free market” capitalism, represent a veritable “empire” in its own right... No nation on earth has been able to resist the compelling magnetism of globalization. Few have been able to escape the structural adjustments and “contitionalities” of the World Bank, the International Monetary Fund, or the arbitrations of the World Trade Organization, those international financial institutions that, however inadequate, still determine what economic globalization means, that the rules are, and who is rewarded for submission and punished for infractions. Such is the power of globalization that within our lifetime we are likely to see the integration, even is unevenly, of all national economies in the world into a single global, free market system” (Perkins 170).
Perkins’ presentation of past strategies is in some way logical because it is known that from the very beginnings, the world power was disputed between a few countries. It would be equally logical that the same countries would be the home countries of the most powerful companies in the energy field. The strategies to gain control over less developed countries that had strategic and economic advantages for the United States, such as Panama, Ecuador, Saudi Arabia, Iran, Indonesia or Iraq, were rather complicated, but Perkins describes them in a very simple and understandable manner for all kinds of readers. Corporations like MAIN, who were hiding behind engineering activities had spies in the less developed countries that had to create reports that would show how a certain loan would benefit that county, and how it would contribute to the development of the infrastructure. After the country would sign for the loan, the money would go back to the United State corporations, while the country would continue to pay incredible amounts of money to the World Bank or other credit institution, until it became incapable of payment. That is when the control over the country was possible. The same strategy was used for Panama or Indonesia, which were both important countries because of their oil-rich soil and low level of development of the main infrastructures, such as education, health or transportation (Perkins 62).
The future strategies of the main economic players are not hard to spot because they have remained unchanged since the creation of the Roman Empire and they have been perpetuated from generation to generation of interest groups that controlled the Cashflow and the natural resources. Perkins acknowledges that if the present strategies to control the less developed countries and to increase their debt to unthinkable amounts will continue, the results would be beyond our imagination. Destruction of natural richness, such as animals and plants populations, as well as indigenous cultures would lead eventually to the destruction of our human souls. The intention of financial organizations is not to get their money back from the country, or at least not through the classic way, but to bring them in such a position that they are willing to sell their natural resources, especially oil on very low prices, or to surrender the political and economic control to American “puppets” that are able to act according to the desire for the United States (Perkins 210).
New strategic directions for the individual and the society as a whole
John Perkins does more than confess his “sins.” He also creates a sort of guide to fight back the strategic giants of the world that plan to control as much as they can and to create the global Empire where the economy is constructed on credit and consumption and where less developed countries are the ones that are getting poorer and poorer with every loan contract they make. The recommendations are toward consuming less and reducing the quantities of the goods people use at home or at the office. Perkins invites to a green protest, to reduction of consumption and to rethinking the size of our lives under all aspects, starting from cars, homes and wardrobes, and ending with shopping and consumption habits: “The next time you are tempted to go shopping, read a book instead or meditate. Downsize your home, wardrobe, car, office and most everything else in your life” (Perkins 221). The author also insists on an aspect that is rather surprising, considering his former job. Perkins invites the readers to “protest against free trade agreements and against companies that exploit the desperate people in sweatshops or that pillage the environment” (Perkins 221). I also agree with Perkins when he insists on the idea that each institution that is part of the corporatocracy is not bad in itself and that only the way the “perceptions of the manner in which they function” (Perkins 221).
Personal opinion
I believe the story told by Perking because even though the elements seem to be a bit too close to conspiracy, the way the economy present its self at this point, and the economic events all over the world, especially in conflict areas in the Middle East are too easy to explain from the point of views depicted by Perkins. Economic interests have always been stronger than political interest and money have always been a method of control and of obtaining power in all aspects.
The only aspect that is a little suspicious about Perkins’ book is the reasons he was left alive, considering that he revealed information that is so valuable and so obvious in so many ways. I can only conclude that the reason he was allowed to live, and was not killed by the same people who killed the presidents of Panama or Ecuador, was that this way people can doubt his words and question his judgment and not believe everything a being real. I am almost sure that this was the strategy of the CIA, NSA, US government and the rest of the corporations, including MAIN. If John Perkins would have been killed, or his family would have suffered, I am sure that some kind of authorities would have started investigations on his death and convict at least someone as responsible with his death. I am sure that all the corporatocracy members have thought about this option. This explanation seems simple, but it is obvious, because John Perkins himself said that he tried to publish the book several times and he was often retained by blackmail or bribery from taking his plan to completion.
Something else made me question if Perkins really was an economic Hit Man, although as I stated before, the real facts and events that occurred in the past few years, the continuation of the conflicts in the Middle East and other economic disasters make give some credibility to the stories presented. Toward the end of the book, John Perkins addresses the reader again, this time in a more concise manner and gives advice on how to stand up to the globalization process and how to contribute to the salvation of the lives we dear so much. This set of recommendations is a bit too “green” to come from a so-called economic hit man but if considering his previously detailed stories about the pollution in Ecuador for example, where rivers and forests were practically destroyed by the American oil pipes, then I can assume that they know what he is talking about. Moreover, all his recommendations make sense for everyone, especially in the context of decreasing energy and food supply and the economic crisis that determined all types of countries to use external loans to cover their internal debt.
John Perkins’ book is necessary read, even if it would be taken as fiction story for some. The book offers great perspective on the past, present and on the future in the same time because it discusses events that occurred already, it puts them in the present world economic context and creates strategic recommendations for the future to reduce the power of the corporatocracy.
Therefore, even if there are some aspects that are still unclear for me as a reader, Perkins’ arguments that he was indeed an economic hit man, an assassin paid to sell out countries’ souls and resources, I must agree with him and with the concepts he present in the book. Maybe the most important argument that convinced me, was the fact he describes the power the United States was having in 2003, that of printing out money without any back up in gold. I tend to believe that this was also an important contributor to the world financial crises that is still happening now all over the world. Even in globalization has it advantages, Perkins’ nook come to destroy almost any hope that a global world can exists without the thing price of in-chain reaction when it is the case of a financial problem or a health problem, such as it is the latest flu.

Works Cited

Perkins, John. Confessions of an economic hit man. San Francisco: Berrett-Koeheler, 2004.

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