ECONOMIC NEO-IMPERIALISM February 26, 2013Posted by wmmbb in Modern History, Peace.
John Perkins has written previously on his experience as an economic hit-man. The job is to negotiate with poor/developing countries loans from IMF and other sources that are designed to fail.
When the loans duly fail the hit men go back to the target country to make deals that in effect steal their resources. The outcome is that the countries do not develop economically and the wealth is extracted to the advantage of global corporations based in the West.
There are those who argue it is the victims fault that their natural resources do not result in development for the target country.
In a recent interview with Nicholas Goroff for The Progressive John Perkins describes the process:
Perkins claims . . . that the poverty and apparent economic emergence throughout these nations is part of a larger, intentional, and well-orchestrated effort to maintain these dynamics for the benefit of a select group of corporate interests.
Beginning first with major multi-national banks and financial institutions, Perkins asserts that in support of multinational trade groups, these banks and loan institutions approach the more vulnerable and resource-rich nations, often at the highest levels of government, offering loan packages to aid in economic development. Construction projects, infrastructure loans, and raw investment capital are all offered, or rather pitched, under the guises of being akin to or outright foreign aid.
However, within the fine print, which sometimes need not be all that fine, the specifics of the loan structures and the accompanying conditions, create environments wherein these nations become bound, not to grow and prosper, but to fall deep into hopeless debt obligations. Through methods ranging from conditional lending, wherein the money lent is tightly controlled and projects favoring corporate and industrial allies take precedence over those specifically required by the local and national populations as a whole, all the way up to the outright bribery of government and industrial officials, he asserts that loans themselves are but a groundwork for further subjugating efforts which come in the form of loan modifications and restructuring.
Summarizing the restructuring, Perkins says once a nation has been dragged into debt and is at risk of going into default, consultants and economic hit-men, return, this time with an entirely different carrot and a much bigger stick.
“They’re left holding a huge debt, which they can’t repay. So at some point we (economic hit-men and corporate interests) go back and say ‘since you (the borrowing nations) can’t pay your debts, sell us your oil, or whatever the resource is, real cheap to our companies, without any environmental…or social regulations…or vote with us on the next major United Nations vote…allow us build a military base on your soil…”
The list of demands goes on and according to Perkins. The means by which both the original loans themselves and renegotiated packages are secured go beyond mere persuasive salesmanship and will often extend into the arenas of international espionage, coups and, even assassinations.
The later activities are performed by what John Perkins describes as “the jackals”. Perkins provides three examples including Jaime Aguilera of Ecuador and Omar Torrijos of Panama. The jackals go in when the hit men cannot corrupt leaders and use assassination and overthrow governments.There seems to multiple examples in Latin America. Chile goes to mind.There have failures too, in particular Cuba and more recently Venezuela. Failure is no reason not to keep trying.
The third example he regards as the birth of the modern imperial era in which imperialism is imposed by economic policy and military domination, and by corporations, not governments.
In Iran, during the 1950s, a largely secular, populist, duly elected head of state named Mohammed Mosaddegh, sought to nationalize the oil fields of Iran, allowing all profits from the relatively new global oil market to go to the benefit of the people and state he presided over. Under pressure from the British oil company presently known as BP, British and US intelligence forces ousted Mosaddegh using a series of false flag and propaganda operations in the country, all as part of the intelligence effort known as Operation Ajax. The man in charge of this operation, Kermit Roosevelt (son of President Theodore Roosevelt) is looked to by Perkins as being the first economic hitman in history.
Following Mosaddegh’s ousting, the historically reviled and notoriously brutal Shah Reza Pahlavi was installed as dictator, and quickly acquiesced to nearly all western political and industrial desires, until his ousting in 1979 by the Islamic Revolution. Many point to Operation Ajax as well as the US’ unwavering support for the brutal dictator as the root cause of modern geo-political tensions with Iran as seen today. Yet to Perkins, these developments stand as mere growing pains in the evolution of economic hit-men and industrial colonialism.
When pressed to identify Jackals as intelligence operatives, Perkins agreed, but with caveats.
“These are for the most part these days, private contractors. You know, the old days 007 government agent, licensed to kill are pretty much gone…the government doesn’t want to directly take part in these things and so they hire private contractors…usually people who have been trained by the CIA or the special forces…”
So, international espionage, special forces mercenaries, assassinations of heads of state…all in support of corporate interests and imperialist economic power? All sounds hard to believe, right? As though pulled straight from a dystopian sci-fi novel, or political intrigue paperback. Yet with the histories of Operations Ajax and the grander Gladio, now a matter of declassified public record, as well as the ongoing hegemonic and war consulting economies that have grown and gained public attention due to the wars in Iraq and Afghanistan, everything from the questions regarding puppet states and corporate influence to the obvious and well-reported on growing mercenary (euphemistically referred to as security contracting) industries certainly lends considerable weight in support of these claims.
A just, sustainable and peaceful world is possible John Perkins asserts. He points to factors such as the development of Occupy Wall Street ad communications technology as sources for optimism
John Perkins was on the case four years ago with RT and his argument has remained the same. In this interview he describes the criminal invasion of Iraq and the failure to follow through in Venezuela. He argues that corporations are in control in the US and in other countries:
- Ecuador Taxes Bankers, President Faces CIA Assassination Plot (activistpost.com)
- Thinking Aloud: “Confessions of an Economic Hit Man” (notwhatyoumightthink.wordpress.com)
- BBC Persian: A history of lies and plots (nuclear-news.net)
- John Perkins: Corporate Assassins Determine World Order (womensphilanthropy.typepad.com)