By John Perkins, Steven Hiatt
John Perkins's sensational ny occasions bestseller Confessions of an monetary Hit guy (more than 300,000 bought) printed simply the top of the iceberg of the key global of monetary hit males and the internet of worldwide corruption. Now extra financial hit males and investigators inform the full surprising tale.
Read or Download A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption PDF
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Additional info for A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption
Meanwhile, IMF and World Bank structural adjustment programs throttle economic and social development in many countries. G LO B A L N O R T H G 8 N A T I O N S • M U LT I N A T I O N A L S • W O R L D B A N K • I M F FUNDS FLOWING TO UNDERDEVELOPED COUNTRIES • • • • • • Loans for inflated projects Structural adjustment loans Development loans Arms “aid” Export credit agency financing Offshore production • • • • • Contracts, loan payments Rigged bids Flight capital Kickbacks deposited in offshore accounts Manipulated commodities markets Embezzled funds to offshore accounts Arms contracts Earmarked services and suppliers Tax evasion/money laundering Transfer mispricing • • • • • • CONDITIONS FOR AID, LOANS, AND INVESTMENT • • • • • • FLOW OF MONEY BACK TO THE FIRST WORLD Resource development concessions One-sided production sharing agreements “Partnerships” with local elites Privatization of public services Nonreciprocal elimination of tariffs Unnecessary buildup of defense, security forces Public investment to enable private corporate projects ENFORCEMENT • • • • • • • • Rigged elections Bribes Penetration of military, security forces Manipulation of local currency, interest rates Manipulation of local ethnic conflicts Assassination of uncooperative leaders Use of local militias, security forces Military intervention G LO B A L S O U T H THE UNDERDEVELOPED WORLD G LO B A L E M P I R E : T H E W E B O F CO N T R O L 21 The Market: Subsidies for the Rich, Free Trade for the Poor If the global empire had a slogan, it would surely be Free Trade.
Ten minutes later, the president of my bank calls on the same subject. I am told to give it a good, hard look. What he means by that is that he wants to see this thing in loan committee, ASAP, damn the balance-of-payments problems in the Philippines, period. The instant the wheels begin to turn on this deal, my enthusiasm wanes. I realize that I may well end up the whipping boy. After analyzing the company more closely, I can now see clearly that this is an “undoable” deal. I will take it before the senior loan committee, undergo a thirty-minute grilling, and be thrown out in disgrace.
If this were an ordinary country, the United States would have the IMF at our doorstep telling us to create a recession, get the foreign accounts back into balance, consume less, invest more, and save more. But since the United States is the United States, we don’t have such a thing happening. 13 24 A GAME AS OLD AS EMPIRE Corruption, Debt, and Secrecy Corruption, always the handmaid of Power, serves as a mechanism of both proﬁt and control—and diverts attention from the real springs of power.