How Big Business raids the third world thru the World Bank
Remember 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.
Tags: John+Perkins, Economic+hit+man, world+bank, imf, corporate+greed, foreign+policy, big+business, corporate+influence, business+government, Monte Asbury