Saturday, June 2, 2012

Book Review – Confessions of an Economic Hit man by John Perkins

The book's cover (left), The author (right)

A certain privilege speech by Miriam Defensor-Santiago created quite a stir some years back. I forgot which national broadsheet covered it (Philippine Star or Philippine Daily Inquirer?) but one detail stood out: in her speech, she lashed out at an American firm known only by the initials, “EAGLE”. She claims the firm has been undermining the Philippine’s economic policies for many years now. Hadn’t she uncovered them, they would’ve continued to do so indefinitely. I found her claims back then absolutely absurd – the Americans have long since then left us, how could they still have a grip on our nation? Other news items talking about her mental state further eroded the credibility of her claims. I was about to dismiss her as totally nuts until John Perkins released his book.

The Western powers have taken neo-imperialism onto a whole new level in his eye-opening expose. His introductory life story aside, he draws in the reader to the origin of the EHM profession (EHM – shorthand for “economic hit man”) starting with the CIA-engineered overthrow of Iranian nationalist leader Mohammad Mossadeq. In realizing the dangers of any US agency meddling in world affairs, the US government turned to the multinational corporations to do their dirty work. He also reveals the tight grip such companies have on the White House. That control has lead Perkins to coin a new word to describe them: corporatocracy. In today’s America, the multinational companies have become the de-facto ruling force. They dictate US policies to guarantee more profits for them. One of the nefarious tactics they employ is the use of US foreign aid peddled by EHM to shackle targeted Third World countries. Burdened by the huge debt incurred, these countries are reduced to a state of serfdom – making them pliant servants to US dictates (the Philippines among them). Perkins also narrates the factual instances that the corporatocracy has ruined economies of developing nations using that tactic, citing his experiences in Indonesia and Panama.  The clincher of his memoir lies in the shocking revelation behind the reason for the Second Gulf War: Saddam threatened the corporatocracy to invoke the “euro option” – to trade Iraqi oil for euros. Doing so would compel a coalition of international creditors to call in US debt in euros as well. Invading Iraq not only would allow the US corporatocracy to control Mid-east oil but also prevent that precedent.

A few, but significantly stinging, critiques were made by a writer about the book. Notable are those claims of attempts by Perkins to disassociate himself from EHM affairs – in spite of stating his involvements a matter-of-factly. We can understand his allusions of guilt from voluntarily involving himself in these (which may explain his attempts), but many expected this to be a memoir – a form of release from his past. Many expected him to unburden himself from it, by putting his guilt into words so as to stare at it straight up. From that (many claim), his book suffers greatly. They believe it’s unthinkable for him to claim it’s a “confession” when he simultaneously avoids admitting them. It is inevitable then for doubts on it to ensue. With Perkins being formerly involved with the CIA, readers can’t help to think: when you’re with dubious company, wouldn’t their reputation rub on you? (You are who your friends are.) What if this work is an indirect CIA propaganda then - a red herring to mislead many from the real culprit? Thus, for that matter, is it so naïve to believe that the US government had something to do with using multinational corporations as their front liners?  For some, they immediately assume it is a textbook prose made in the CIA mind-managing tradition. Yet oddly, majority of his prose echoed old truths – truths written by Felix Greene, the anti-Vietnam war writer. He cited the abuses of the United Fruit Company in Guatemala, with US backing. Furthermore, his diatribes against US foreign aid are instructive – in that, it informs how it used to impose Yankee policies upon targeted Third World nations. Conventional thinking defines imperialism as any action by a powerful state upon a weaker state – be it through colonization or direct subversive diplomacy (i.e. US-sponsored foreign aid). But such interactions between nations are merely a macrocosm of small-scale social relationships. If we want something from someone, there are “a thousand ways to skin a cat”; so the saying goes. One doesn’t need to go to the target directly to get it, wouldn’t it? Sounds theoretical or far-fetched, but for a nation long been hated and branded as a swindler of nations, wouldn’t it be logical for the US to use a cat’s paw? Besides, isn’t the world aware that big-time contributors to US presidential campaigns are the multinational corporations themselves? It’s impossible there’s no tit for tat in such transactions… I often draw the Mossadeq affair as solid truth. I firmly believe it was the genesis of the EHM and neo-imperialism for the motives of the event aptly describes the US national psychology: she can deny the accusations of imperialism heaped upon her by the world, but she still subconsciously compelled to do so – in a covert manner nowadays, if I may add. Hence, readers from Third World nations would then have this constantly nagging thought: must they then sympathize with a nation merely following its instinct for survival? Or must we hate it as expected – and staunchly believe that is what the book’s purpose for? As we must hate one’s misdeeds and not the person, the same is true with an imperialist power. WE MUST HATE ITS MISDEEDS AND GUARD AGAINST IT – BUT NEVER POUR BLIND RAGE ALL OVER HER. Perkins may retain some CIA loyalties in his soul, but at least he spoke the truth though hesitant he may be. In the fighting arts, when two contenders brawl, one fighter has to spot what is called a “telegraphed move”. He then acts to anticipate it, parry and counterattack. Lucky for us, Perkins has offended Third World nations a godsend with that “telegraphed move”. His book may be deemed a half-truth but that is enough to rouse us.

Maybe Miriam wasn’t so crazy after all. We recommend you visit amazon.com for the book...

No comments:

Post a Comment