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John Perkins calls himself a former economic hit man. He has seen the signs of today’s financial meltdown before. The subprime mortgage fiasco, the collapse of the banking industry, the rising unemployment rate—these are all familiar to him. Perkins was on the front lines of monitoring and helping create these very events that were once just confined to the Third World. From 1971 to 1981, he worked for the international consulting firm of Chas T. Main, where he was a self-described “economic hit man.” He is the author of the New York Times bestseller Confessions of An Economic Hit Man and The Secret History of the American Empire.
Guest:
John Perkins, from 1971 to 1981, he worked for the international consulting firm of Chas T. Main, where he was a self-described “economic hit man.” He is the author of the bestselling Confessions of an Economic Hit Man. His latest book is called Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded and What We Need to Do to Remake Them.
AMY GOODMAN: The film is The End of Poverty? And we’re going to go to a clip of the film, where our next guest interviews the vice president of Bolivia. Yes, I’m talking about John Perkins, the bestselling author of Confessions of an Economic Hit Man. He is back with a new book. It’s called Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them. We go now to John Perkins, in this clip from The End of Poverty?, interviewing Bolivia’s vice president, Alvaro Garcia Linera, for the film The End of Poverty?
JOHN PERKINS: Bolivia is a country with so many natural resources. Why does a country like this have so many poor people?
VICE PRESIDENT ALVARO GARCIA LINERA: I think this has to do with what we call the colonial condition of our societies. Countries that have a collection of natural resources, renewable or nonrenewable, seem to be condemned to be poor countries. It’s paradoxical, isn’t it? Unfortunately, colonialism is always a part of the development of capitalism. There is an emancipation process that happens through the implementation of a different global economic order than the current one. That’s why a total, simple and definite break with colonialism allows us to imagine a world economic order, globalized in a different way than that which is driven by the accumulation of capital.
JOHN PERKINS: What things can Bolivia do, or should they do, to bring about necessary change?
VICE PRESIDENT ALVARO GARCIA LINERA: This is a country of nine million inhabitants, where 62 percent of the population is indigenous, both in the cities and the farmlands. Bolivia is a country with mestizos, Aymaras, Quechas, Guaranis, Mojenio, Trinitarios, Irionos, thirty-two indigenous groups and nations. But, unfortunately, in the 181 years of the republic’s political life, the indigenous people were never recognized as citizens with collective rights. Never. This continent is waking up. I like the idea of “a continent in movement” as a synthesis of what’s been happening during the past five to six years in Latin America. There’s a movement developing of world citizenship and planetary responsibility. There is something beautiful happening in these countries which makes them get involved in the situations of countries like Bolivia, a country that wants to live a better life, where 58 percent of the people live on less than $2 a day.
AMY GOODMAN: An excerpt from the research done for The End of Poverty? That clip was actually made for Democracy Now! Thanks to Philippe Diaz and Cinema Libre Studio for that. the interview done with the Bolivian vice president by John Perkins, who will now join us in our firehouse studio after break.
AMY GOODMAN: John Perkins calls himself a former economic hit man. He has seen the signs of today’s financial meltdown before. The subprime mortgage fiasco, the collapse of the banking industry, the rising unemployment rate—these are all familiar to him.
Perkins was on the front lines of monitoring and helping create these very events that were once just confined to the third world. From ’71 to 1981, he worked for the international consulting firm Chas T. Main, where he was a self-described “economic hit man.” It was based in Boston.
He’s the author of the New York Times bestseller, Confessions of an Economic Hit Man and The Secret History of the American Empire. Well, he’s out with a new book. It’s called Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them.
He joins me here in the firehouse studio.
Welcome, John. Well, for starters, though we’ve discussed this before, what exactly does an “economic hit man” mean?
JOHN PERKINS: Well, Amy, I think it’s fair to say that we economic hit men have managed to create the world’s first truly global empire. And it’s basically a secret empire.
We do it in many ways, but principally, we identify a country that has resources that corporations covet, like oil, arrange a huge loan to that country from the World Bank or one of its sisters. The money never actually goes to the country; it goes to our own corporations to build the infrastructure projects in that country that help a few very wealthy people, but don’t benefit the majority of the people, who are too poor to buy electricity or have cars to drive on the highways. And yet, they’re left holding a huge debt that they can’t repay.
So we go back at some point and say, “You know, you can’t pay your debts. Give us a pound of flesh. Sell your oil real cheap to our oil companies. Vote with us on the next critical UN vote. Allow us to build a military base in your backyard.” Something along these lines.
And when we fail—as I talk in my books, I failed with Jaime Roldos, president of Ecuador, Omar Torrijos of Panama—the Jackals go in and either overthrow or assassinate these leaders. And if the Jackals fail, as they did in Iraq, then we send in the military.
AMY GOODMAN: And what personal experience do you have to prove this?
JOHN PERKINS: Well, I was there. You know, I was with Jaime Roldos in Ecuador. I was the guy—one of the guys who was supposed to corrupt him, bring him around, and Omar Torrijos of Panama and many others. When I failed with those two gentlemen, the Jackals went in and assassinated both of them. And I was there; I was in those front lines. My official title was chief economist of Charles T. Main. I had about three dozen employees working for me and did this for ten years, and finally saw the light.
But I think what’s—you know, what’s really important about all this is that in this period of time, since the 1970s, and really beginning very strongly in the 1980s, we’ve created what I consider a mutant, viral form of capitalism. Earlier on the program, you showed the statistics of 37 percent of the people in the survey not believing that capitalism is working. I don’t think the failure is capitalism. I think it’s the specific kind of capitalism that we’ve developed in the last thirty or forty years, particularly beginning with the time of Reagan and Milton Friedman’s economic theories, which stress that the only goal of business is to maximize profit, regardless of the social and environmental costs, and not to regulate businesses at all—regulation is bad, all forms—and to privatize everything, so that everything is run by private business. And this mutant form of capitalism, which I think is really a predatory form of capitalism, has created an extremely unstable, unsustainable, unjust and very, very dangerous world.
AMY GOODMAN: You talk about the robber barons, the modern day robber barons. Who do you mean?
JOHN PERKINS: So many of them. You know, we’ve seen them recently on Wall Street, the people from Goldman Sachs and Citigroup and so many other organizations, people like Jack Welch, who is a former CEO of General Electric. And as I lecture at business schools and MBA programs, Jack Welch is often held up as this idol. Jack Welch laid off a quarter of GE’s employees. You know, he said he was making the company meaner and leaner—he certainly was making it meaner—gave himself huge raises and bonuses at the same time, turned General Electric essentially from a manufacturing company into a financial services company, which really was one of the leaders in taking us down this course today that we’re on of a failed economic system.
And we truly have a failed economic system at this point. It’s deep. You know, one of the reasons I wrote Hoodwinked is because I saw a lot of books coming out that deal with what I consider triage. What do you do with AIG? What do you do with General Electric? What do you do about the immediate problems with Wall Street? But the problem is much, much deeper. There’s a cancer beneath all that. And this is this very basics of our current economic system. And we must delve down and root out that cancer and move into something much better.
Continued>>>
http://www.democracynow.org/2009/11/10/hoodwinked_former_economic_hit_man_john |
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