The Least, First

Monte Asbury's blog

How Big Business raids the third world thru the World Bank

with 2 comments

The Secret History of the American EmpireRemember Halliburton, and the suspicion that Mr. Cheney had directed vast Iraq contracts to it? The suspicions arose for a reason: apparently, it’s been SOP for government and multinational corporations since WWII.

I’m reading John Perkins’ phenomenal The Secret History of the American Empire: Economic Hit Men, Jackals, and the Truth About Global Corruption. Turns out, the World Bank and IMF are tools by which multinational corporations use government to re-direct billions into their own coffers. Here’s the tip of the iceberg:

Created at Bretton Woods in my home state of New Hampshire in 1944, the Bank was charged with reconstructing countries devastated by the war. Its mission soon became synonymous with proving that the capitalist system was superior to that of the Soviet Union. To further this role, its employees cultivated cozy relationships with capitalism’s main proponents, multinational corporations.

This opened the door for me and other EHMs [Economic Hit Men] to mount a multitrillion-dollar scam. We channeled funds from the Bank and its sister organizations into schemes that appeared to serve the poor while primarily benefiting a few wealthy people.

Under the most common of these, we would identify a developing country that possessed resources our corporations coveted (such as oil), arrange a huge loan for that country, and then direct most of the money to our own engineering and construction companies—and a few collaborators in the developing country. Infrastructure projects, such as power plants, airports, and industrial parks, sprang up; however, they seldom helped the poor, who were not connected to electrical grids, never used airports, and lacked the skills required for employment in the industrial parks.

At some point we EHMs returned to the indebted country and demanded our pound of flesh: cheap oil, votes on critical United Nations issues, or troops to support ours someplace in the world, like Iraq. (pp.2-3)

The corporations get the loaned money and the natural resources. The USA gets political power. The dictator gets rich. The country gets massive debt. The poor get starvation.

Time for a new way. Stay tuned for more excerpts.


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Written by Monte

January 6, 2008 at 9:48 pm

Posted in Religion

2 Responses

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  1. Monte, this is the sort of reading that gets you into trouble, mister. (Watch your back.)

    This is why those kids were protesting the WTO in Seattle, etc. Of course the news, which is being monopolized more and more (mostly by Mr. Murdoch), just tried to make the kids seem kookie.

    This is the thing that gets me about these illuminati nuts. There IS a conspiracy to keep the poor poor and to make the rich richer. But it’s got nothing to do with aliens or men in black or satanism. It’s just plain old greed and corruption. It’s time for it to end.

    honestpoet

    January 8, 2008 at 7:45 pm

  2. I’d like to read that some time. I recently listened to an interview with Perkins about his book Confessions of an Economic Hit Man. It is an eye opening interview. If what he says is true, and I think it is, many countries are in tremendous debt not because they’re bad managers, although that may be part of it, but because we have convinced them that if they take out this debt and do what we advise, their economies will boom. I think most Americans don’t want to deal with this being possible. In some ways, we really don’t have a democracy. If the feds and the gov will keep things from the people because “we don’t understand,” we no longer have a democracy.

    Monte Says: And it seems like everybody knows it but us!

    DarthBen

    January 7, 2008 at 10:30 pm


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