6min chapter

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104: John Perkins | Debt Traps & Confessions Of An Economic Hitman

Curious Worldview Podcast

CHAPTER

Introduction

John Perkins is the author of Confessions of an Economic Hitman. He worked as chief economist at a major consulting firm Charles T. Maine. His job was to arrange loans for countries with resources our corporations wanted, and then arrange a huge loan to that country from the World Bank or one of its sister organizations. The money never went to the country; instead it went to our own corporations to build big infrastructure projects on that country. And in the end, the country couldn't repay its debts. So we'd go back in, and usually under the guise of the International Monetary Fund (IMF) We would demand that they allow us to exploit their resources, oil or whatever. Also demanded that

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