A Book Review of Confessions of an Economic Hit Man By John Perkins (187)Confessions of an Economic Hit Man By John Perkins was written in 2004, which reflects the increasing realization of the corporate power of Halliburton and other transnational organizations that were destroying third world nations, such as Iraq, during the Bush Administration. Of course, Perkins (2004) had worked with Halliburton through his previous NSA connections in the U.S. intelligence services. In this manner, Perkins (2004) defines the underlying economic motives of the Bush Administration to invade Iraq, which served as a platform for the false allegations of “weapons of mass-destruction” that allowed Bush to invade the oil-rich country of Iraq in 2003: “Bush …show more content…
Perkins primary message is to show the collusion between government and corporatism that illustrates the mass-corruption of the government as a grave danger to the liberty of the average American citizen, or global citizen for that matter. In this manner, the concept of “corporatism” defines the unbridled greed and profiteering that Perkin’s defines through the context of U.S. imperialism and privatized corporate and banking institutions that control these economic factors in the global economy. Perkins defines the operations of the international banking system through the perspective of the World Bank and USAID. Perkins was hired (as an “economic hitman”) to trick third world government into taking loans that promised massive financial aid and infrastructure development, which create false projections of economic growth to the victim, such as government officials: I came up with the type of study my bosses wanted me to see: a growth in electric demand averaging 19 percent per annum for twelve years after the new system was completed (Perkins …show more content…
After all, he spent much of his life being a transnational corporate criminal in the overthrow of sovereign nations, which affected millions of lives. In fact, Perkins should be in a prison, and not publishing books as a type of “counter-culture” celebrity making more money on “confessing” his crimes as some sort of criminal celebrity. In other words, Perkin’s does show great remorse for what he has done, but he is a dangerous individual that has been involved in major international crimes against humanity. However, I also feel that I am better educated by Perkin’s confessions, which can provide me with more awareness of financial institutions that may threaten my own community. I do appreciate the Perkins make the final “call for battle” against the corporatism of the financial sector that needs to be addressed in the fight against these criminal
Big business not only monopolized the economy, but also caused unprecedented corruption in the political system. Joseph Keppler’s “The Bosses of the Senate” political cartoon in Puck depicts the massive corruption in the political system as he claims that the Senate no longer served the people, but the industrial tycoons (document 4). The American people responded to this by forming political and economic organizations in an attempt to curb the control of the large
In this book, Yergin takes the reader on journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in August of 1990. Yergin explores the role of oil in warfare, describes the changing organization of the oil sector, and examines
In 2003, President George Walker Bush and his administration sent the United States military to war in Iraq to overthrow Saddam Hussein, Iraq’s ruler and dictator, who murdered over 600,000 innocent people, and “...used chemical weapons to remove Kurds from their villages in northern Iraq…” (Rosenberg 2). According to the Department of Defense’s website, the war removed Saddam Hussein from power, ending an era when “Iraqis had fewer rights than when its representatives signed the Human Rights Declaration in 1948” (1). American blood, money, and honor was spent in what was allegedly a personal war and perhaps a fight to gain oil and natural resources, but only history may reveal the truth. Although the Iraq War removed tyrant Saddam Hussein from power, the failures of the war dwarf the successes.
As seen in Document C, in 1887, a labor leader illustrated the enormous amount of control large corporations had not just in the American economy, but also in American society as a whole, specifically in politics. The amount of control and influence these businesses had on politics was massive. As seen in Document D, Joseph Keppler’s political cartoon from 1889, shows the massive corruption in the political system to the degree that he stated that the U.S. Senate was no longer for the people, but now for the big business monopolies. The American people responded to the unrivaled influence of corporations in politics by forming political and economic organizations that were intended to restrain the monumental influence of big
Larson, John Lauritz. The Market Revolution in America: Liberty Ambition, and the Eclipse of the Common Good. Cambridge: Cambridge University Press, 2010.
Reading G. William Domhoff’s Who Rules America?: The Triumph of the Corporate Rich was an intriguing and challenging experience for me. My limited knowledge base of the American political class system mostly stems from high school US History classes and listening to my mom’s stories of her experiences in the corporate world. Therefore, I am aware that due to my prior lack of knowledge on the topics presented in Domhoff’s book, I may have misjudged some of his finer points. Part of my struggles may be largely due to the fact that Domhoff’s intended audience for Who Rules America? is other experts in the field of understanding the sociology of the corporate elite and their resources of power. However, I believe that the book has given me a better, if not complete, understanding of the corporate elite and how they stay in power.
“Is America a Democracy?” This first question was posed by Professor Jennings at the start of his discussion on American corporations. The simple answer is no, we are a republic, a system where the people have control of the government by electing representative officials. Some people, including Professor Jennings, argue that incorporated businesses are now “running the show” instead of citizens. In the 2011 Gallup poll “Do the following have too much power?” sixty-seven percent of people said that corporations do while seventy-one percent agree that lobbyists have too much power. Professor Jennings then presented data on how corporations lobbying members of congress spent 2.6 billion in a year while the federal budget for congress is 2 billion. Business lobbying also outspends labor by thirty-four to one.
Yet another instance whereby the government’s hypocrisy has been displayed is when the Bush Administration declared war on Iraq, about five years ago. Matt Matusek, in an article entitled Purpose of Iraq war murky to Americans, wrote: “The plan was to invade Iraq and capture Saddam Hussein so he couldn't use his weapons of mass destruction on any other nation. The United States also wanted to sever Hussein's ties to Al-Qaeda and Osama bin Laden. Then, we were to get our troops back home as soon as possible.” However, five years into the war, it can clearly be seen that the government’s initial goal was to get oil from Iraq, but used Saddam as an excuse to engage in war (Matusek). Today, more and more people, just like Montag, are starting to analyze the government’s actions and take a strong stand against them.
The purpose of the textbook, Who Rules America? by G. William Domhoff, is to explain his theory of Class Domination. My essay emphasises the relation of social class to power, the existence of a Corporate community, the relationship of the Corporate community to the upper class, and various methods used by the Corporate community to dominate the U.S Political System. Furthermore, my essay will discuss the potential limits to corporate power in America.
In 2003, President George W. Bush and Secretary of State Colin Powell launched an invasion of the nation of Iraq. United States Secretary of State Colin Powell outlined the reasons Iraq posed a threat to international security in a speech he gave at the United Nations. Iraq’s nuclear weapons program concerned the Bush administration. Fearing Iraq might use this program to act aggressively in the region, and wanting to secure oil supplies and a friendly regime, the administration pursued a plan of action to remove Iraqi President Saddam Hussein from power (FLS 2016, 43). A constant secure supply of oil stood as a cornerstone of the military-industrial complex thriving in the United States and a friendly regime in such an oil rich country remained an important objective of President Bush. This directly conflicted with the desire of President Saddam Hussein of Iraq to remain in power.
On September 20, 2002, the Bush administration published a national security manifesto titled "The National Security Strategy of the United States of America"; sometimes called “the Bush Doctrine”, which is a justification for easy recourse to war whenever and wherever an American president chooses. The United States wanted more control over the Middle East and the oil that could be obtained there; all they needed was an excuse to go to war and in turn be able to obtain resources. After 9/11 Bush had his excuse; Al Qaeda. Weaving a trail of propaganda and fear through the media with false information, Bush ordered an invasion of Iraq in pursuit of his form of hegemonic internationalism. The reasons broadcasted by the White House claimed that Saddam Hussein (President of Iraq in 2002) was building weapons of mass destruction and promoting/supporting terrorism which made him a grave threat to the western world. The real reason behind invading Iraq was to secure American access to vital resources, being oil. Iraq had been attacking Iran who was dangerously close to Saudi Arabia which is a huge supplier of oil to the United States. Once the United States had control of Iraq they installed a sympathetic “democratic” government which had eliminated the Iraqi threat to Saudi oil. Through the pursuit of hegemonic internationalism the United States had achieved one of its national interests, obtaining vital resources, but at a huge cost. Over 1 million
In August of 2002, the Bush administration’s position about Iraq had changed significantly. Prior to this point, the United States and other western countries had been arming Iraq with weapons of every type. The fact the United States and other countries had been arming Iraq with weapons, shows how little they considered Iraq to be a threat. This quickly changed. A debate on invading Iraq, held by the Senate Foreign Relations Committee, created
Critical approach provides a historical background to Iraq war of 2003 which, according to historical materialists, has its roots in U.S. sponsored Fordist Industrial Capitalism linked with geopolitics of petroleum. According to Andrew Basevich (2005 a, 2008, 2010) the very nature of U.S. State policy is characterized by
In the “The Prize: The Epic Quest for Oil, Money, And Power,” Yergin undertakes the reader upon a thorough and enjoyable journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania during up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in 1990 August. Yergin explores the role of oil in warfare, depicts the ever-changing organization of the oil sector, and examines the prominent, as well as often flamboyant petroleum players. The book is a well-researched and well-written, and supplement to a history branch, which until very lately, had been regrettably neglected—history of business.
Although completely unreported by the U.S. media and government, the answer to the Iraq enigma is simple yet shocking -- it is in large part an oil currency war. One of the core reasons for this upcoming war is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. The second coalescing factor that is driving the Iraq war is the quiet acknowledgement by respected oil geologists and possibly this administration is the impending phenomenon known as