Analysis Of The New Confessions Of An Economic Hit Man By John Perkins

John Perkins was a former member of the international banking community, very well respected. In his new book The New Confessions of an Economic Hit Man, he describes how he was a highly paid professional, his functions of being an (EHM), he helped the United States cheat poor countries around the globe. He convinced the political and economic leaders to invest in foreign aid by lending them money that could make it difficult for them to repay and allow them to take over their economies. The EHM’s siphon money from the World Bank, the United States Agency for International Development (USAID). The functions included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. The EHM mostly based economic gain on …show more content…
According to Perkins' he was to produce economic growth projections that would make a case for a variety of important projects. If the United States chose to loan a country money, Perkins would compare the economic benefits of various projects such as power plants or telecommunications systems. He would then generate reports that showed the economic growth the country would encounter due to these assignments. These financial growth projections needed to be high enough to justify the loans. Otherwise, the loans would get rejected. When the United States would lend a country money, Perkins jobs was to assess the economic gains of different projects such as power plants or telecommunications systems. Perkins would produce reports that showed the economic growth the country would experience because of these projects. The gross national product (GNP) was the important factor in the financial projections; all the projects were meant to make profits for the contractors. Because these countries could not handle the debt of the loans, the poorest citizens got deprived of health, education and other social services; these countries suffered …show more content…
“He stated the plantation he visited must be built on the bones of thousands of slaves.” Thinking about all the lives he ruined and the countries he destroyed. Perkins then knew that the things he was doing were not right, he was being a slave, doing the same business that happens back in the days of slavery, slightly different, but more subtle. Perkins start feeling guilty; he felt the power of drugs, sex, power, and money had a strong hold on him. That’s how he came to the conclusion he wanted out of the hitman business, so he just