The New Confessions of an Economic Hit Man

"The New Confessions of an Economic Hit Man" is a book written by John Perkins, which serves as an updated version of his earlier work, "Confessions of an Economic Hit Man." The book chronicles Perkins' experience working as an economic hit man (EHM), a role he says he played in several countries around the world.

Perkins argues that EHMs are individuals who are hired by corporations, financial institutions, and government agencies to further their economic interests abroad. They do so by influencing foreign governments to take out large loans for development projects that are often unnecessary or too costly for the country to bear. Perkins contends that these loans are then used as leverage to gain control of a country's resources and to implement policies that benefit the interests of the corporations and institutions that hired them.

In "The New Confessions of an Economic Hit Man," Perkins expands upon his original claims, offering new insights and evidence to support his arguments. He discusses how EHMs have become more sophisticated in their tactics over time, using a variety of methods to exert influence over foreign governments, including bribery, blackmail, and assassination.

Perkins also highlights the negative impact that these practices have had on developing countries, arguing that they have contributed to the widening gap between the rich and the poor. He contends that the debt burdens imposed on these countries have led to economic instability, social unrest, and political turmoil.

While Perkins' claims have been met with skepticism by some, his work has sparked important conversations about the role of corporations and financial institutions in shaping global economic policy. His book serves as a warning about the potential consequences of unchecked corporate power and the importance of promoting sustainable and equitable development practices around the world.

In conclusion, "The New Confessions of an Economic Hit Man" provides a thought-provoking analysis of the relationship between global economic policy and the interests of powerful corporations and financial institutions. Perkins' arguments are well-supported by evidence and offer valuable insights into the workings of international finance. The book is a must-read for anyone interested in understanding the complex forces that shape the global economy and the potential impact of unchecked corporate power on the world's most vulnerable populations