The Jordan Harbinger Show 416: John Perkins | New Confessions of an Economic Hit Man
Oct 13, 2020
In this conversation, economist John Perkins, author of "Confessions of an Economic Hitman," reveals his firsthand experiences in coercing developing nations to sell their resources at rock-bottom prices. He discusses the rampant use of false economics and manipulation by corporations and governments to maintain control. Perkins also reflects on the dire consequences faced by leaders who resist these pressures. His insights provide a roadmap for transforming a destructive economic system into one that nurtures growth and sustainability.
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John Perkins' Role as an Economic Hitman
- John Perkins' role as an economic hitman involved convincing developing countries to accept large loans.
- These loans primarily benefited US corporations, leaving the countries in debt.
Economic Statistics and Inequality
- Economic statistics like GDP often reflect the wealth of the few, not overall prosperity.
- A K-shaped recovery shows how economic upturns can benefit the rich while the poor continue to struggle.
Debt as Coercion
- The debt cycle is a tool for coercion, with the threat of violence if leaders refuse loans.
- John Perkins mentions historical examples of US intervention, like Allende in Chile and Arbenz in Guatemala.