. . . This Time, They’re Coming for Your Democracy

[Oscar]

More Confessions of an Economic Hit Man: This Time, They’re Coming for Your Democracy (VIDEO - 2 min.)

[ http://www.yesmagazine.org/new-economy/ ... y-20160318 ]

Twelve years ago, John Perkins published his book, “Confessions of an Economic Hit Man.” Today, he says “things have just gotten so much worse.”

Sarah van Gelder posted Mar 18, 2016

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QUOTES:

"On a global basis we now know that 62 individuals have as many assets as half the world’s population."
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"Perkins: As I travel around the U.S., as I travel around the world, I see that people are really waking up. We’re getting it. We’re understanding that we live on a very fragile space station, and it’s got no shuttles; we can’t get off. We’ve got to fix it, we’ve got to take care of it, and we’re in the process of destroying it. The big corporations are destroying it, but the big corporations are just run by people, and they’re vulnerable to us. If we really consider it, the market place is a democracy, if we just use it as such."
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"We’ve got to let corporations know what their job is: It’s to serve a public interest, and make a decent rate of return for investors. We need investors, but beyond that, every corporation should serve a public interest, should serve the earth, should serve future generations."

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Twelve years ago, John Perkins published his book, Confessions of an Economic Hit Man, and it rapidly rose up The New York Times’ best-seller list. In it, Perkins describes his career convincing heads of state to adopt economic policies that impoverished their countries and undermined democratic institutions. These policies helped to enrich tiny, local elite groups while padding the pockets of U.S.-based transnational corporations.

I couldn’t help but think about Flint, Michigan, under emergency management as I read The New Confessions of an Economic Hit Man.

Perkins was recruited, he says, by the National Security Agency (NSA), but he worked for a private consulting company. His job as an undertrained, overpaid economist was to generate reports that justified lucrative contracts for U.S. corporations, while plunging vulnerable nations into debt. Countries that didn’t cooperate saw the screws tightened on their economies. In Chile, for example, President Richard Nixon famously called on the CIA to “make the economy scream” to undermine the prospects of the democratically elected president, Salvador Allende.

If economic pressure and threats didn’t work, Perkins says, the jackals were called to either overthrow or assassinate the noncompliant heads of state. That is, indeed, what happened to Allende, with the backing of the CIA.

Perkins’ book has been controversial, and some have disputed some of his claims, including, for example, that the NSA was involved in activities beyond code making and breaking.

Perkins has just reissued his book with major updates. The basic premise of the book remains the same, but the update shows how the economic hit man approach has evolved in the last 12 years. Among other things, U.S. cities are now on the target list. The combination of debt, enforced austerity, underinvestment, privatization, and the undermining of democratically elected governments is now happening here.

I couldn’t help but think about Flint, Michigan, under emergency management as I read The New Confessions of an Economic Hit Man.

I interviewed Perkins at his home in the Seattle area. In addition to being a recovering economic hit man, he is a grandfather and a founder and board member of Dream Change and The Pachamama Alliance, organizations that work for “a world that future generations will want to inherit.”

Sarah van Gelder: What’s changed in our world since you wrote the first Confessions of an Economic Hit Man?

John Perkins: Things have just gotten so much worse in the last 12 years since the first Confessions was written. Economic hit men and jackals have expanded tremendously, including the United States and Europe.

We now know that 62 individuals have as many assets as half the world's population.

Back in my day we were pretty much limited to what we called the third world, or economically developing countries, but now it’s everywhere.

And in fact, the cancer of the corporate empire has metastasized into what I would call a failed global death economy. This is an economy that’s based on destroying the very resources upon which it depends, and upon the military. It’s become totally global, and it’s a failure.

van Gelder: So how has this switched from us being the beneficiaries of this hit-man economy, perhaps in the past, to us now being more of the victims of it?

Perkins: It’s been interesting because, in the past, the economic hit man economy was being propagated in order to make America wealthier and presumably to make people here better off, but as this whole process has expanded in the U.S. and Europe, what we’ve seen is a tremendous growth in the very wealthy at the expense of everybody else.

On a global basis we now know that 62 individuals have as many assets as half the world’s population.

We of course in the U.S. have seen how our government is frozen, it’s just not working. It’s controlled by the big corporations and they’ve really taken over. They’ve understood that the new market, the new resource, is the U.S. and Europe, and the incredibly awful things that have happened to Greece and Ireland and Iceland, are now happening here in the U.S.

We’re seeing this situation where we can have what statistically shows economic growth, and at the same time increased foreclosures on homes and unemployment.

van Gelder: Is this the same kind of dynamic about debt that leads to emergency managers who then turn over the reins of the economy to private enterprises? The same thing that you are seeing in third-world countries?

Perkins: Yes, when I was an economic hit man, one of the things that we did, we raised these huge loans for these countries, but the money never actually went to the countries, it went to our own corporations to build infrastructure in those countries. And when the countries could not pay off their debt, we insisted that they privatize their water systems, their sewage systems, their electric systems.

We raised these huge loans for these countries, but the money never actually went to the countries.

MORE:

[ http://www.yesmagazine.org/new-economy/ ... y-20160318 ]

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Sarah van Gelder wrote this article for YES! Magazine. Sarah is co-founder and editor at large of YES! Follow her on Twitter @sarahvangelder.