Confessions of an Economic Hit Man Connections
Confessions of an Economic Hit Man by John Perkins I’ve been reading Confessions of an Economic Hit Man . It’s a story about how progress got weaponized. John Perkins describes the 1970s—when he flew from one “developing” country to another, briefcase in hand, selling prosperity at 10 percent interest. Power plants. Dams. Highways. Airports. All paid for with loans so large they could never be repaid. He calls himself an economic hit man , but the real weapon wasn’t a gun. It was compound interest . Every loan came wrapped in the promise of modernization. And hidden in the fine print: dependency . Countries took the money. American firms got the contracts. And decades later, the debts remain—still quietly shaping who gets schools, who gets medicine, and who gets told to privatize their water. Often the leaders who agreed to these loans are long dead or discredited, often dictators who only ruled for themselves and their cronies with no interest in the future of ...