A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption (Paperback) - Common

A Game as Old as Empire: The Secret World of Economic Hit Men and the Web of Global Corruption (Paperback) - Common

Language: English

Pages: 662


Format: PDF / Kindle (mobi) / ePub

John Perkins links his experiences to new revelations that expose the drive for empire that lies behind the rhetoric of globalization....Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of...

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an arsenal of protectionist tariffs, subsidies, and controls. Britain became a paragon of free trade only in the 1850s; before then it had pursued highly directive industrial policies (in addition to its forcible extraction of tribute from India and the West Indies). The U.S. economy developed behind some of the highest tariff walls in the world, President Grant reportedly remarking in the 1870s that “within 200 years, when America has gotten out of protection all that it can offer, it too will

comprehensive measures are taken against the parallel economy of tax havens and offshore finance centers. One expert on money laundering quotes a Swiss banker’s claim that the failure rate for detecting dirty money flowing through that country is 99.99 percent.29 This is appalling, though Switzerland is probably no worse in this respect than other major offshore finance centers. The Revolt of the Elites The failure to tackle these major flaws in the globalized financial system has generated a spirit

British regulators closed down BCCI’s operations in eighteen countries and ordered tight supervision or restrictions in forty-four others. Seventeen branches in the United Arab Emirates and three branches in Pakistan, where BCCI was still politically well connected, remained open. Years later, documents would show that Bank of England officials had suspected fraud at BCCI for at least seven years. A £850 million ($1.6 billion) willful negligence suit against the bank brought by liquidators

H O N E S 101 Experts that issued a series of reports over the next three years describing how networks of high-level politicians, military officers, and businesspeople from Congo and surrounding countries collaborated with armed groups to gain control over Congo’s resources. The panel noted that the militias and warlord armies then used these resources to buy weapons that fueled the war. As their reference point, the Panel of Experts used the Organisation for Economic Cooperation and

on every working day as the Bank disburses billions of dollars each year through the hands of Third World government officials who consider those funds their personal piggy banks. I have seen firsthand much more than I can squeeze into this brief chapter: millions of dollars for roads that could not be found, millions paid for the rehabilitation of infrastructure that could not be verified, millions to improve social services that somehow never reached the poor, millions to facilitate better

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