By John Perkins, Steven Hiatt
John Perkins's sensational manhattan instances bestseller Confessions of an financial Hit guy (more than 300,000 bought) published simply the top of the iceberg of the key international of financial hit males and the net of worldwide corruption. Now extra fiscal hit males and investigators inform the entire stunning tale.
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Extra resources for A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption
The chart on page 20 shows the ﬂows of money and power that form this web of control. Capital ﬂows to underdeveloped countries via loans and other ﬁnancing, but—as John Perkins points out—at a price: a stranglehold of debt that gives First World governments, institutions, and corporations control of Third World economies. The rest of this chapter outlines the program of free-trade, debt-led economic development as preached by the International Monetary Fund and the World Bank, shows how corruption and exploitation are in fact at the heart of these power relationships, and explores the range of enforcement options used when the dominated decide that they have had enough.
It is 1978. Thanks to the venal, repressive regime of President Ferdinand Marcos of the Philippines, I am safely and happily roosting in one of Manila’s best hotels, the Peninsula. I am about to set in motion a peculiar and idiosyncratic process that will result in a $10 million loan to a Philippine construction company, a bedfellow of the Marcos clan—a loan that will soon go sour. I am unaware that any of this is going to happen as I enter the lobby of the Peninsula on my way to dinner, still trying to digest the live octopus that a Taiwanese bank served me last night and attempting to remember exactly what it was they wanted and why they had gone to so much trouble.
Pinochet has been accused of involvement in torture and assassinations. Under his command, the Chilean state used death squads to eliminate opposition members and intimidate civil society. He has also been associated with drug trafﬁcking, illicit arms sales, and other forms of corruption.
A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption by John Perkins, Steven Hiatt