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Summary Of Confessions Of An Economic Hit Man By John Perkin

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The book ‘Confessions of an Economic Hit Man’ by John Perkin is master piece of confessions about the neo-imperialism of United States. Him-self an Economic Hit Man, John Perkins explains in his book that how Hit Men help US to build commercial empire by exploiting economy as a tool. The book is divided into four parts and thirty five chapters. Mr. Perkins daringly narrates the several stories exposing another side of US foreign policy. He defines an Economic Hit Men as ‘We are an elite group of men and women who utilize international financial organizations to foment conditions that make other nations subservient to the corporatocracy. These take the form of loans to develop infrastructure-electricity generating plants, highways, ports, air ports or industrial …show more content…

Perkins has applied this three pronged strategy to the cases of Panama, Ecuador and Iraq. Panama was very important to US commercial interests because of the canal. When Mr. Omar Torrijos became its president, he promised to nationalize the canal and get Panama out of US clutches. At that time, John Perkins was working there and he tried to thwart the plans of the president. But he failed, that’s why as he mentions, Jackals jumped in the country and killed him in an Air crash. Same was the case in Ecuador- an oil rich country. Jaime Roldes opposed US oil firms’ presence in the country and tried to expel them. He announced in clear words that ‘We must take effective measures to defend the energy resources of the nation. The State must maintain diversification of its exports and not lose its economic independence. Our decisions will be inspired solely by national interests and in the unrestricted defense of our sovereign rights’. This triggered Lobbying in White House by Oil firms due to which Hit Men attempted to thwart Mr. Jaime’s aspiration, but they failed. Therefore, Jackals jumped in Ecuador and killed the president in an Air crash. In the same fashion, the author explains Iraq episode where both

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