Wednesday, March 16, 2005

Economic hit men


[. . .]

DAVID BRANCACCIO: You think that from the word go that this kind of lending was meant to essentially put these countries into hock?

JOHN PERKINS: There's no question in my mind that this was what I was intended to do was to go out and create these projects that would bring billions of dollars back to US corporations and create projects that would put these countries into such deep debt, that in essence, they became part of our empire. They became our slaves in a way.

[. . .]

Enlightening post about how the World Bank really works and who the infrastructure projects it finances in developing nations actually serves.

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