Why
US Is The Only 'Superpower'
By
N. Raghuram
07 December,
2007
Combat
Law
In
a controversial book, John Perkins narrates a real life tale. His personal
journey from the member of international community of highly paid professionals
who are employed to cheat poor countries around the globe to maintain
US monopoly. Eventually he calls himself as a former economic hit man
and deconstructs international intrigue and corruption, the sinister
mechanics of imperial manipulations and control.
This book
certainly stands up to the expectations raised by its title. It also
confirms commonly held suspicions of the critics regarding globalisation
and US imperialism through the politics of aid and debt. In a gripping
narrative of his own story as an economic hitman (EHM), interlaced with
the world affairs of his time, John Perkins beautifully describes how
an elite group of men and women like him helped build a global empire
of the US during the years he covered (1970s to 2004). In his own words,
they "utilise international financial organisations to foment conditions
that make other nations subservient to the corporatocracy" of the
US. They are highly paid professionals who funnel money from the World
Bank, the US Agency for International Development (USAID) and other
international funding agencies, into the coffers of US corporations.
The modus operandi is simple. The invisible arm of corporatocracy cultivates
some smart professionals and plants them in influential positions as
consultants, experts, etc., to push international funding agencies into
providing aid/loans for lofty 'development projects' to be executed
by US corporations in recipient countries. "In essence, money never
leaves the US; it is simply transferred from banking offices in Washington
to the engineering offices in New York, Houston or San Francisco."
Yet, the recipient country must pay it all back, with interest. The
defaulting countries lose their bargaining edge and become subservient
to the US foreign policy and its corporatocracy.
EHM is not
a designation but a nickname for managers, engineers, economists etc.,
in private corporations who serve as the agents of US corporatocracy.
Perkins assures us that
This book
is an essential reading for anyone interested in knowing about the US
influence in their country or the world at large, not only in terms
of economics and politics, but much more. It is a must for everyone
who believes in the "free market" ideology.
people who play similar roles are more abundant now, have more euphemistic
titles, and walk the corridors of every major corporation in the world.
Unlike the author, not all of them are recruited as a part of an organised
conspiracy, nor are all of them clearly aware of their role. This is
what makes the global economic exploitation system a lot more subtle,
robust, widespread and dangerous, as the individuals and corporations
who stand to benefit from it get hooked to the ideology. If they fail,
then there are the more dangerous 'jackals', who use violent underworld
methods to achieve their goals. If they too fail, then the time-tested
military methods come in handy to the war-happy American government,
and the military industry is always too happy with the growth opportunities
opened up by conflicts and wars.
The author
describes his own baptisation into an EHM during one of his first jobs
as an economist at MAIN (Chas T. Main Inc.), a low-profile but hugely
successful Boston-based International consultancy company that was involved
with World Bank's infrastructure projects in Ecuador. With only a bachelors
degree from Boston University "which did not seem to warrant a
position as an economist with such a lofty consulting company"
he visualised himself as a "dashing secret agent heading off to
exotic lands, lounging beside hotel swimming pools, surrounded by gorgeous
bikini-clad women, martini in hand". Through his descriptions of
his many subsequent assignments, he convinces us that there is a lot
of truth in this imagination.
In Indonesia
of the 1970s, Perkins describes how the EHMs were used to make exaggerated
projections to serve the US foreign policy and corporatocracy - to seduce
Indonesia away from communism, coupled with the insatiable American
thirst for oil resources. His bosses made it all very explicit to him,
suggesting that it is "better to err on the higher side than to
underestimate", and he obliged. Interestingly, he continued to
do such things against his conscience for over three decades, fully
aware of what he was doing, before he quit and decided to write it all
as his confessions in this book. Though his meteoric career growth explains
why he drifted along this path, three decades is too long a time to
suppress such strong contradictions, and equally difficult to evoke
them again after such a long period of suppression. Nevertheless, for
the purpose of enjoying the book and benefiting from its revelations,
it is "better late than never".
The main
chapters of the book range from controlling Indonesian infrastructure
and oil to controlling Panama Canal, the Saudi Arabian money laundering
affair, the financing of Osama Bin Laden, the Shah of Shahs and the
great Iranian flop-show, the Columbian gateway to Latin America, Ecuador's
oil, the alleged CIA assassinations of the Presidents of Ecuador and
Panama, the 'wild West of energy' era, the US invasion of Panama, the
EHM failure in Iraq followed by the Iraq war, the Venezuelan triumph
. Through these chapters, John Perkins deconstructs the official American
view of the world with his own personal anecdotes and revelations of
events and conversations to which he was privy.
In many ways,
this book explains how USA, a country that doesn't have gold to back
its currency, has an annual trade deficit of over 800 billion dollar
presently, has debts of over five trillion dollar from the world, recklessly
spends more than it earns and makes the world economy dependent on American
consumption, manages to rule the world. India itself keeps its foreign
currency assets of over 100 billion dollar in US securities. China has
sunk over 600 billion dollar in US securities. Japan's stakes in US
securities is in trillions. The US has invested in China less than half
of what China has invested in US. The same is the case with India .
We have invested in US over 100 billion dollar while the US has invested
less than 20 billion dollar in India. As calculated by some economists,
today, to keep the US consumption-centric economy going, other countries
have to remit 180 billion dollar every quarter, which is two billion
dollar a day, to the US!
This book
is an essential reading for anyone interested in knowing about the US
influence in their country or the world at large, not only in terms
of economics and politics, but much more. It is a must for everyone
who believes in the "free market" ideology, and that US epitomises
it. Also a must for both who strongly support or oppose liberalisation,
privatisation and globalisation.
The writer
is Reader, School of Biotechnology,
GGS Indraprastha University, Delhi
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