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The new confessions of an economic hitman - how America really took over the world
John Perkins was recruited as a young man by the National Security Agency - somewhat to his surprise, considering that in his interview he had been grilled on his youthful insubordination, friendships with suspicious foreigners, and sexual frustrations. It turns out that it doesn't hurt to be a bit damaged in the NSA's eyes - it makes you more biddable. He was then employed by Chas T Main, a company whose competitors included Bechtel and Halliburton, of which you may have heard. As to what Main's business was, Perkins says that "during my first months there even I could not figure out what we did".
He found out eventually. Ostensibly an economist, his job was to go off to developing countries, offer them enormous loans with which to improve their infrastructures, and provide wildly inflated projections of the economic growth these improvements would bring. Presented to the right people, these bogus figures did the trick, a deliberately underhand assault on a nation's de facto sovereignty. Contractors - US contractors, naturally - would move in and build the pipelines or the drilling platforms or the power stations, the economy would fail to grow anything like as fast as predicted, the country would default on its loan, and so find itself in hock to the US in perpetuity - or until it underwent revolutionary regime change. The textbook case of this is Iran, where Perkins found himself a very short time before the fall of the shah.
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