Introduction The Confessions of an Economic Hit Man by John Perkins is a well-known book in the past and even more well-known book in the present. To have experienced and lived through the hardship of being an economic hit man is astonishing. This novel contains knowledge and informative information, that even one who is not that knowledgeable about this field of study can understand and become further informed of how corrupt the major organizations in this global economy are like. Additionally, it can further inform those who already are in this field of study and suggest possible solution, that could lessen the impact and the control on an economic and political science standpoint. This SWOT analyse paper will provide informative points to show how the strengths of this novel outweighs the weaknesses, as well as how the author discuss the opportunities that can improve development outcome that outweighs the possible threats that can arise from such opportunities.
Strengths
Within the novel, The Confessions of an Economic Hit Man, the author provides many strengths that can be depicted very strongly throughout it. The first one to which comes to appear almost in every chapter is the exposure of financial institutions that include the World Bank, International Monetary Fund (IMF) and General Agreement of Tariffs and Trade (GATT) (Hamann, 12). These are the major financial institutions that have a great impact still to this day of how loans and currency exchanges are dealt
The bizarre economy that we live in has affected us in many ways than our simple mind can fathom. After World War II there was massive push in innovation. Human were gifted with inventions like the Airplane, color T.V., polyvinyl cups, and precooked dinners. Nevertheless, these “gifts” came at an enormous cost. That cost was pushed onto the environment and people living in that environment. “The Market Economy” by Marge Piercy illustrates the movement in American aimed at bring attention to a global problem as well as an effort to save the planet along with the people living on it.
I decided to talk about Economic Hitman because since I opened the web site, I got attracted by this quote “Dedicated to transforming the world into a sustainable, just and peaceful home where all beings can thrive”, by John Perkins who is an American author and one of the famous economist person in the world because he claims to have played a role in an supposed process of economic establishment of Third World countries on behalf of what he shows as a section of the United States government. His best book is Confessions of an Economic HitMan that was published in 2004. John Perkins worked directly with the World Bank, IMF, and many other global financial institutions and corporations, but he was one of the economic Hitman.
When the names Carnagie, Rockefeller, and Pullman come to mind, most of us automatically think of what we saw or read in our history books: "These men were kind and generous and through hard work and perseverance, any one of you could become a success story like them," right? Wrong. I am sick of these people being remembered for the two or three "good deeds" they have done. Publicity and media have exaggerated the generosity of these men, the government has spoiled these names with false lies, and people have been blind to see that these men were ruthless, sly businessmen who were motivated by your money and their struggle for power.
For this assignment I picked “the role of the Federal Reserve” a mere recital of the economic policies of government all over the world is calculated to cause any serious student of economics to throw up his hands in despair (pg, 74). The Federal Reserve is now in the business of enforcing the United States government’s drug laws, even if that means making a mockery of both state governments’ right to set their drug policies and the Fed’s governing statutes. A Federal Reserve official who played a key role in the government 's response to the 2008 financial crisis says the government should do more to prevent a repeat of that crisis and should consider whether the nation 's biggest banks need to be broken up. Neel Kashkari says he believes the most major banks still continue to pose a "significant, ongoing" economic risk. The next ten years will see an explosion of government debt and an implosion of government’s ability to fulfill its promises. Any economic or investment model based on past performance under previous economic conditions will be worthless just as useless as the Federal Reserve’s models.
Robber Barons such as John Davison Rockefeller and Andrew Carnegie were a large part of the propelling force that led the United States into a new frontier, setting the standard for the American dream. These men were known for their ingenuity, intuition, and innovation as business men. Each setting a high standard in their field, these men set out to accomplish greatness by revolutionizing their industry. They were known in history as the first men to become giants of the industrialized world, they created a new ear, and with it legacies that have lasted centuries.
America has been called the “Land of Opportunity” and is gaining a reputation as such from people all around the world. The reality is that this “land of opportunity” is limited to only the rich. Tycoons, such as Andrew Carnegie and John D. Rockefeller, are monopolizing off of the labor of the poor, and destroying any competition. Many people are now referring to them as Robber Barons.
Money Makes the world go around. Is a very common phrase that we hear often. The Robber Baron were individual whom represent the phrase a lot. A Robber Baron were businessmen in the United States Industrial Revolution of the 1800's who were wealthy by taking people’s land, money, or someone else business in a rather dishonest way. They are knowledgeable about their ways but only interested in getting more more money. Robber Barons are called so because of their greed and ruthlessness, their unethical business practices, and their total lack of concern for their workers, their customers or their competitors. An example of a robber baron in that time will be Andrew Carnegie, JD Rockefeller, and JP Morgan. The Robber Baron made the American
“Kansas work” – an unsuccessful slave revolution led by John Brown in 1859. The author describes John Brown as a “radical abolitionist” native of Ohio who “has passion for justice” and “equality between the races.” (Smith 50) In April of 1848, Brown arrives to Peterboro, New York to find Gerrit Smith, a philanthropist and “peace-loving abolitionist” whom he aims to convince to finance his plan. He succeeds in recruiting people to join him in his mission to abolish slavery in the South. in an attempt to take over a federal armory, Brown and his group attacks Harpers Ferry, Virginia on October 18, 1859. Brown’s plan fail, however, as he was captured by the U.S. Marines under the command of Col. Robert E. Lee while members of his group dies during the excursion. In October 20,1859, the Herald newspaper editorial published an article accusing Gerrit Smith and Frederick Douglas of being an accessory of Brown’ rebellious act. By the end of October 1859, Brown was convicted of murder, treason and for sparking a revolution. Frightened that he may also be indicted, Smith destroyed all evidences that links him to Brown, and sends his son-in-law Charles Miller to obtain any evidences that Brown’s family may be keeping. For this reason, a group of New York Democrats by the name of Democratic Vigilant Association published a fake investigative report accusing Smith of being a “dangerous man” and “key figure in a
In the film “Capitalism Hits the Fan” economist Richard Wolf explains the historical framework of the economic crisis as a crisis of overproduction. Wolff states the Crisis of 2008 was caused by overproduction and stagnant wages that spurred a series of booms and bust that are not temporary.
In “The Lie” written by Penn Warren conveys a fictional, yet wise, presentation of the common man’s exploitation by the powerful. To begin with, Warren’s fictional Meriwether Lewis is oblivious to the exploitation of Thomas Jefferson and the Government. Lewis pursues the Louisa Territory exploration with a zealous spirit and continually draws inspiration from the letter written by Thomas Jefferson on the “Day of Liberty on July 4, 1803”. Lewis is effectively ignored by Thomas Jefferson and the United States Government once he is appointed to the post of Governor of the New Territory, of which he first explored. This promotion would seemingly safeguard him within the elite’s power circle. However, this reasoning is proved to be specious.
The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in.
The reasons as to why I selected this book was heavily weighted on my personal interests. The fact that I am interested in matters of economics, imperialism, capitalism and deception and corruption on a government level, made reviewing Confessions of an economic hit man an enjoyable experience.
In this reading titled Becoming A Hit Man Ken Levi speaks about the deviant acts of killers and contracted killers. This reading starts off by speaking about the social organizations; it says that: “the unlawful killing of a person is considered a serious criminal offense in the United States, and it is punished by extreme penalties’’ (64). This is basically stating that the killing of a citizen will be a punishable action. Then the author goes on to speak on how some cultures will allow for the killing of another human being by saying: “Some cultures allow special circumstances or sanction special organizations wherein people kill are insulated from the taint of murder. Soldiers at war or police in the line of duty, or citizens protecting
The purpose of the review is to inform the reader about the possible dangers geopolitical risks might have on the financial industry when the industry does not look after them. I was intrigued by this dark side of modern communication and the effect it has on the safety of the banking sector.
The main concept of the article is to explain why the New International Financial Architecture (NIFA) was created and who is being benefited from this approach. The discussion begins with an examination of the power structures of the global political economy by focusing on the continued dominance of the USA. The article presents the contradictory relations between USA and global finance will be explored so as to shed more critical light on the NIFA. This article critically examines the NIFA by linking its institutional components to the larger contradictions of the capitalist inter-state system. A contradiction is the constant promotion of financial liberalization in emerging