Autobiographies

"This is what John Perkins’ book (2004) about being an economic hit man for the World Bank is all about. He realized that his job was to get countries to borrow dollars to build huge projects that could only be paid for by the country exporting more – which required breaking its labor unions and lowering wages so that it could be competitive in the race to the bottom that the World Bank and IMF encourage... [The World Bank's]... job is to do in the financial sphere what, in the past, was done by military force... Instead of bullets, it uses financial maneuvering. As long as other countries play an artificial economic game that U.S. diplomacy can control, finance is able to achieve today what used to require bombing and loss of life by soldiers. In this case the loss of life occurs in the debtor countries. Population growth shrinks, suicides go up. The World Bank engages in economic warfare that is just as destructive as military warfare."

"John Perkins was recruited by the National Security Agency during his last year at Boston University's School of Business Administration, 1968. He spent the next three years in the Peace Corps in South America... As Chief Economist and Director of Economics and Regional Planning at Chas. T. Main, Perkins says his primary job was to convince Less Developed Countries (LDCs) around the world to accept multibillion dollar loans for infrastructure projects... The loans left the recipient countries wallowing in debt and highly vulnerable to outside political and commercial interests. He documents his experience in the New York Times bestseller"

"At least for the time being, I believe a serious crisis was averted in Venezuela — and Chavez was saved — by Saddam Hussein. The Bush administration could not take on Afghanistan, Iraq, and Venezuela all at once. At the moment, it had neither the military muscle nor the political support to do so. I knew, however, that such circumstances could change quickly, and that President Chavez was likely to face fierce opposition in the near future."

"Then oil prices crashed, and Venezuela could not repay its debts. In 1989, the IMF imposed harsh austerity measures and pressured Caracas to support the corporatocracy in many other ways. Venezuelans reacted violently; riots killed over two hundred people. The illusion of oil as a bottomless source of support was shattered. Between 1978 and 2003, Venezuela's per capita income plummeted by over 40 percent."

"During the 1973 OPEC oil embargo, petroleum prices skyrocketed and Venezuela's national budget quadrupled. The EHMs went to work. The international banks flooded the country with loans that paid for vast infrastructure and industrial projects and for the highest skyscrapers on the continent. Then, in the 1980s, the corporate-style EHMs arrived. It was an ideal opportunity for them to cut their fledgling teeth. The Venezuelan middle class had become sizable, and provided a ripe market for a vast array of products, yet there was still a very large poor sector available to labor in the sweat shops and factories."

"As poverty increased, resentment intensified. Polarization resulted, with the middle class pitted against the poor. As so often occurs in countries whose economies depend on oil production, demographics radically shifted. The sinking economy took its toll on the middle class, and many fell into the ranks of the poor. The new demographics set the stage for Chavez — - and for conflict with Washington..."

"I had watched Venezuela for many years. It was a classic example of a country that rose from rags to riches as a result of oil. It was also a model of the turmoil oil wealth foments, of the disequilibrium between rich and poor, and of a country shamelessly exploited by the corporatocracy. It had become the epitome of a place where old-style EHMs like me converged with the new-style, corporate version."

"...You will not mention political subjects or any dealings with international banks and development projects." He peered at me. "Simply a matter of confidentiality."... "It goes without saying," I assured him. For an instant, my heart seemed to stop beating. An old feeling returned, similar to ones I had experienced... in Indonesia, while driving through Panama City... and while sitting in a Colombian coffee shop with Paula. I was selling out — again. This was not a bribe in the legal sense — it was perfectly above board and legitimate for this company to pay to include my name on their roster, to call upon me for advice or to show up at a meeting from time to time, but I understood the real reason I was being hired. He offered me an annual retainer that was equivalent to an executive's salary. Later that afternoon I sat in an airport, stunned, waiting for my flight back to Florida. I felt like a prostitute. Worse than that, I felt I had betrayed my daughter, my family, and my country. And yet, I told myself, I had little choice. I knew that if I had not accepted this bribe, the threats would have followed."

"The events... were a direct result of the 1998 elections, when the poor and disenfranchised of Venezuela elected Hugo Chavez by a landslide as their president. He immediately instituted drastic measures, taking control of the courts and other institutions and dissolving the Venezuelan Congress. He denounced the United States for its "shameless imperialism," spoke out forcefully against globalization, and introduced a hydrocarbons law that was reminiscent, even in name, to the one Jaime Roldos had brought to Ecuador shortly before his airplane went down. The law doubled the royalties charged to foreign oil companies. Then Chavez defied the traditional independence of the state-owned oil company, Petroleos de Venezuela, by replacing its top executives with people loyal to him... By taking over the industry, Chavez had thrust himself onto the world stage as a major player."

"By December 2002, the situation in both Venezuela and in Iraq reached crisis points... Then came the news that they had succeeded; Chavez had been ousted.... If Mr. Reich, and the Bush administration were celebrating the coup against Chavez, the party was suddenly cut short. In an amazing turnabout. Chavez regained the upper hand and was back in power less than seventy-two hours later. Unlike Mossadegh in Iran, Chavez had managed to keep the military on his side, despite all attempts to turn its highest-ranking officers against him. In addition, he had the powerful state oil company on his side. Petroleos de Venezuela (PDVSA) defied the thousands of striking workers and made a comeback..."

"International organizations such as the World Bank bought into this notion, advocating deregulation and privatization of water and sewer systems, communications networks, utility grids, and other facilities that up until then had been managed by governments."

"What was going on in the energy field was symbolic of a trend that was affecting the whole world. Concerns about social welfare, the environment, and other quality-of-life issues took a backseat to greed. In the process, an overwhelming emphasis was placed on promoting private businesses. At first, this was justified on theoretical bases, including the idea that capitalism was superior to and would deter communism. Eventually, however, such justification was unneeded. It was simply accepted a priori that there was something inherently better about projects owned by wealthy investors rather than by governments."

"As a result, it was easy to expand the EHM concept into the larger community, to send executives from a broad spectrum of businesses on missions previously reserved for the few of us recruited into an exclusive club. These executives fanned out across the planet. They sought the cheapest labor pools, the most accessible resources, and the largest markets. They were ruthless in their approach. Like the EHMs who had gone before them —like me, in Indonesia, in Panama, and in Colombia—they found ways to rationalize their misdeeds. And like us, they ensnared communities and countries. They promised affluence, a way for countries to use the private sector to dig themselves out of debt. They built schools and highways, donated telephones, televisions, and medical services. In the end, however, if they found cheaper workers or more accessible resources elsewhere, they left. When they abandoned a community whose hopes they had raised, the consequences were often devastating, but they apparently did this without a moment's hesitation or a nod to their own consciences."

"As I mulled over these issues, I decided it was time to write a tell-all book, Conscience of an Economic Hit Man, but I made no attempt to keep the work quiet. Even today, I am not the sort of writer who writes in isolation. I find it necessary to discuss the work I am doing. I receive inspiration from other people, and I call upon them to help me remember and put into perspective events of the past. I like to read sections of the materials I am working on to friends, so I may hear their reactions. I understand that this may be risky, yet I know no other way for me to write. Thus, it was no secret that I was writing a book about my time with MAIN."

"During the 1980s and into the 1990s, the emphasis switched from entrepreneurship to deregulation. I watched as most of the other small independents were swallowed up by the large engineering and construction firms, and by the public utility companies themselves. The latter found legal loopholes that allowed them to create holding companies, which could own both the regulated utility companies and the unregulated independent energy-producing corporations. Many of them launched aggressive programs to drive the independents into bankruptcy and then purchase them... The idea of reducing our oil dependence fell by the wayside. Reagan was deeply indebted to the oil companies; Bush had made his own fortune as an oilman. And most of the key players and cabinet members in these two administrations were either part of the oil industry or were part of the engineering and construction companies so closely tied to it. Moreover, in the final analysis, oil and construction were not partisan; many Democrats had profited from and were beholden to them also."

"Chavez tightened his government's grip on oil company employees, purged the military of the few disloyal officers who had been persuaded to betray him, and forced many of his key opponents out of the country. He demanded twenty-year prison terms for two prominent opposition leaders, Washington-connected operatives who had joined the jackals to direct the nationwide strike. In the final analysis, the entire sequence of events was a calamity for the Bush administration. As the Los Angeles Times reported, Bush administration officials acknowledged Tuesday that they had discussed the removal of Venezuelan President Hugo Chavez for months with military and civilian leaders from Venezuela... The administration's handling of the abortive coup has come under increasing scrutiny. It was obvious that not only had the EHMs failed, but so had the jackals. Venezuela in 2003 turned out to be very different from Iran in 1953. I wondered if this was a harbinger or simply an anomaly and what Washington would do next."

"A beautiful woman, an English major at the university, sat across the table from me..."But why should there be such animosity between Muslims and Christians?" I asked... "Because," she said slowly, as though addressing someone slow-witted or hard of hearing, "the West — especially its leader, the U.S. — is determined to take control of all the world, to become the greatest empire in history. It has already gotten very close to succeeding. The Soviet Union currently stands in its way... History demonstrates that faith — soul, a belief in higher powers — is essential. We Muslims have it. We have it more than anyone else in the world, even more than the Christians. So we wait. We grow strong." ... "We will take our time," one of the men chimed in, "and then like a snake we will strike.""

"Like U.S. citizens in general, most MAIN employees believed we were doing countries favors when we built power plants, highways, and ports. Our schools and our press have taught us to perceive all of our actions as altruistic. Over the years, I've repeatedly heard comments like, "If they're going to burn the U.S. flag and demonstrate against our embassy, why don't we just get out of their damn country and let them wallow in their own poverty?" People who say such things often hold diplomas certifying that they are well educated. However, these people have no clue that the main reason we establish embassies around the world is to serve our own interests, which during the last half of the twentieth century meant turning the American republic into a global empire. Despite credentials, such people are as uneducated as those eighteenth century colonists who believed that the Indians fighting to defend their lands were servants of the devil."

"What a horrible thought!" I could barely contain myself. "What can we do to change this?" The English major looked me directly in the eyes. "Stop being so greedy," she said, "and so selfish. Realize that there is more to the world than your big houses and fancy stores. People are starving and you worry about oil for your cars. Babies are dying of thirst and you search the fashion magazines for the latest styles. Nations like ours are drowning in poverty, but your people don't even hear our cries for help. You shut your ears to the voices of those who try to tell you these things. You label them radicals or Communists. You must open your hearts to the poor and downtrodden, instead of driving them further into poverty and servitude. There's not much time left. If you don't change, you're doomed."

"The larger the loan, the better. The fact that the debt burden placed on a country would deprive its poorest citizens of health, education, and other social services for decades to come was not taken into consideration."

"The rich get richer and the poor grow poorer. Yet, from a statistical standpoint, this is recorded as economic progress."

"During this time in my life, I came to realize that we truly had entered a new era in world economics. Events set in motion while Robert McNamara—the man who had served as one of my models — reigned as secretary of defense and president of the World Bank had escalated beyond my gravest fears. McNamara's Keynesian-inspired approach to economics, and his advocacy of aggressive leadership, had become pervasive. The EHM concept had expanded to include all manner of executives in a wide variety of businesses. They may not have been recruited or profiled by the NSA, but they were performing similar functions."

"I know now what I did not then — that Claudine took full advantage of the personality weaknesses the NSA profile had disclosed about me. I do not know who supplied her with the information... only that she used it masterfully. Her approach, a combination of physical seduction and verbal manipulation, was tailored specifically for me, and yet it fit within the standard operating procedures I have since seen used by a variety of businesses when the stakes are high and the pressure to close lucrative deals is great. She knew from the start that I would not jeopardize my marriage by disclosing our clandestine activities. And she was brutally frank when it came to describing the shadowy side of things that would be expected of me."

"During our first hour together, she explained that my position was an unusual one and that we needed to keep everything highly confidential. She told me that no one had given me specifics about my job because no one was authorized to — except her. Then she informed me that her assignment was to mold me into an economic hit man. The very name awakened old cloak-and-dagger dreams. I was embarrassed by the nervous laughter I heard coming from me. She smiled and assured me that humor was one of the reasons they used the term. "Who would take it seriously?" she asked."

"Claudine told me that there were two primary objectives of my work. First, I was to justify huge international loans that would funnel money back to MAIN and other U.S. companies (such as Bechtel, Halliburton, Stone & Webster, and Brown & Root) through massive engineering and construction projects. Second, I would work to bankrupt the countries that received those loans (after they had paid MAIN and the other U.S. contractors, of course) so that they would be forever beholden to their creditors, and so they would present easy targets when we needed favors, including military bases, UN votes, or access to oil and other natural resources."

"The unspoken aspect of every one of these projects was that they were intended to create large profits for the contractors, and to make a handful of wealthy and influential families in the receiving countries very happy, while assuring the long-term financial dependence and therefore the political loyalty of governments around the world."

"An attractive brunette woman came up and sat in a chair across the table from me. In her dark green business suit, she looked very sophisticated. I judged her to be several years my senior, but I tried to focus on not noticing her, on acting indifferent. After a few minutes, without a word, she slid an open book in my direction. It contained a table with information I had been searching for about Kuwait — and a card with her name, Claudine Martin, and her title, Special Consultant to Chas. T. Main, Inc. I looked up into her soft green eyes, and she extended her hand. "I've been asked to help in your training," she said. I could not believe this was happening to me."

"The only difference now was that the corporate executive EHMs did not necessarily involve themselves with the use of funds from the international banking community. While the old branch, my branch, continued to thrive, the new version took on aspects that were even more sinister. During the 1980s, young men and women rose up through the ranks of middle management believing that any means justified the end: an enhanced bottom line. Global empire was simply a pathway to increased profits."

"If we fail, an even more sinister breed steps in, ones we EHMs refer to as the jackals, men who trace their heritage directly to those earlier empires. The jackals are always there, lurking in the shadows. When they emerge, heads of state are overthrown or die in violent "accidents." And if by chance the jackals fail, as they failed in Afghanistan and Iraq, then the old models resurface. When the jackals fail, young Americans are sent in to kill and to die."

"The subtlety of this modern empire building puts the Roman centurions, the Spanish conquistadors, and the eighteenth- and nineteenth-century European colonial powers to shame. We EHMs are crafty; we learned from history. Today we do not carry swords. We do not wear armor or clothes that set us apart... we dress like local schoolteachers and shop owners... we look like government bureaucrats and bankers. We appear humble, normal. We visit project sites and stroll through impoverished villages. We profess altruism, talk with local papers about the wonderful humanitarian things we are doing."

"Ann and I completed Peace Corps training in Southern California and headed for Ecuador in September 1968. We lived in the Amazon with the Shuar whose lifestyle did indeed resemble that of precolonial North American natives; we also worked in the Andes with descendants of the Incas. It was a side of the world I never dreamed still existed."

"Over half the people in the world survive on less than two dollars per day... roughly the same amount they received in the early 1970s. Meanwhile, the top 1 percent of third world households accounts for 70 to 90 percent of all private financial wealth and real estate ownership in their country."

"Unfortunately, Ecuador is not the exception. Nearly every country we EHMs have brought under the global empire's umbrella has suffered a similar fate. Third world debt has grown to more than 62.5 trillion, and the cost of servicing it — over $375 billion per year as of 2004 — is more than all third world spending on health and education, and twenty times what developing countries receive annually in foreign aid."

"Ecuador is typical of countries around the world that EHMs have brought into the economic-political fold. For every $100 of crude taken out of the Ecuadorian rain forests, the oil companies receive $75. Of the remaining $25, three-quarters must go to paying off the foreign debt. Most of the remainder covers military and other government expenses — which leaves about $2.50 for health, education, and programs aimed at helping the poor. Thus, out of every $100 worth of oil torn from the Amazon, less than $3 goes to the people who need the money most, those whose lives have been so adversely impacted by the dams, the drilling, and the pipelines, and who are dying from lack of edible food and potable water."

"He started talking with me about the benefits of working for a company like MAIN. When I mentioned that I had been accepted by the NSA before joining the Peace Corps, and that I was considering going back to them, he informed me that he sometimes acted as an NSA liaison; he gave me a look that made me suspect that part of his assignment was to evaluate my capabilities."

"If an EHM is completely successful, the loans are so large that the debtor is forced to default on its payments after a few years. When this happens, then like the Mafia we demand our pound of flesh. This often includes one or more of the following: control over United Nations votes, the installation of military bases, or access to precious resources such as oil or the Panama Canal. Of course, the debtor still owes us the money— and another country is added to our global empire."

"Driving from Quito toward Shell on this sunny day in 2003, I thought back thirty-five years to the first time I arrived in this part of the world... I found it fascinating and certainly exotic; yet, the words that kept coming to mind back then were pure, untouched, and innocent. Much has changed in thirty-five years... A trans-Andean pipeline built shortly after my first visit has since leaked over a half million barrels of oil into the fragile rain forest— more than twice the amount spilled by the Exxon Valdez. Today, a new $1.3 billion, three hundred-mile pipeline constructed by an EHM organized consortium promises to make Ecuador one of the world's top ten suppliers of oil to the United States. Vast areas of rain forest have fallen, macaws and jaguars have all but vanished, three Ecuadorian indigenous cultures have been driven to the verge of collapse, and pristine rivers have been transformed into flaming cesspools."

"When my Peace Corps tour was over, Einar invited me to a job interview at MAIN headquarters in Boston. During our private meeting, he emphasized that MAIN'S primary business was engineering but that his biggest client, the World Bank, recently had begun insisting that he keep economists on staff to produce the critical economic forecasts used to determine the feasibility and magnitude of engineering projects."

"Because of my fellow EHMs and me, Ecuador is in far worse shape today than she was before we introduced her to the miracles of modern economics, banking, and engineering. Since 1970, during this period known euphemistically as the Oil Boom, the official poverty level grew from 50 to 70 percent, under- or unemployment increased from 15 to 70 percent, and public debt increased from $240 million to $16 billion. Meanwhile, the share of national resources allocated to the poorest segments of the population declined from 20 to 6 percent."

"The Public Utility Regulatory Policy Act (PURPA) was passed by Congress in 1978, went through a series of legal challenges, and finally became law in 1982. Congress originally envisioned the law as a way to encourage small, independent companies... to develop alternative fuels and other innovative approaches to producing electricity. Under this law, the major utility companies were required to purchase energy generated by the smaller companies, at fair and reasonable prices. This policy was a result of Carter's desire to reduce U.S. dependence on oil —all oil, not just imported oil. The intent of the law was clearly to encourage both alternative energy sources and the development of independent companies that reflected America's entrepreneurial spirit. However, the reality turned out to be something very different."

"I remember that when we began our friendship, our minds were full of noble thoughts and we often thought of living a quiet life in the mountains."

"Yün, I think, is one of the loveliest women in Chinese literature. She is not the most beautiful, for the author, her husband, does not make that claim, and yet who can deny that she is the loveliest?"

"In this simple story of two guileless creatures in their search for beauty, living a life of poverty and privations, decidedly outwitted by life and their cleverer fellowmen, yet determined to snatch every moment of happiness and always fearful of the jealousy of the gods, I seem to see the essence of a Chinese way of life as really lived by two persons who happened to be husband and wife."

"I hope you will find another one who is both beautiful and good to take my place and serve our parents and bring up my children, and then I shall die content."

"Of a slender figure, she had drooping shoulders and a rather long neck, slim but not to the point of being skinny. Her eyebrows were arched and in her eyes there was a look of quick intelligence and soft refinement."

"Tu's poems," she said, "are known for their workmanship and artistic refinement, while Li's poems are known for their freedom and naturalness of expression. I prefer the vivacity of Li Po to the severity of Tu Fu." "Tu Fu is the acknowledged king of poets," said I, "and he is taken by most people as their model. Why do you prefer Li Po?" "Of course," said she, "as for perfection of form and maturity of thought, Tu is the undisputed master, but Li Po's poems have the wayward charm of a nymph. His lines come naturally like falling flowers and flowing water, and are so much lovelier for their spontaneity. I am not saying that Tu is second to Li; only personally I feel, not that I love Tu less, but that I love Li more." "I say, I didn't know that you are a bosom friend of Li Po!" "I have still in my heart another poet, Po Chüyi, who is my first tutor as it were, and I have not been able to forget him."

"Did Shen Fu, her husband, perhaps idealize her? I hardly think so. The reader will be convinced of this when he reads the story itself. He made no effort to whitewash her or himself. In him, too, lived the spirit of truth and beauty and the genius for resignation and contentment so characteristic of Chinese culture. I cannot help wondering what this commonplace scholar must have been like to inspire such a pure and loyal love in his wife, and to be able to appreciate it so much as to write for us one of the tenderest accounts of wedded love we have ever come across in literature."

""If you are in love with a thing, you will forget its ugliness," said Yün."

"秋侵人影瘦，霜染菊花肥。"

"Su Tungp'o said: "Life is like a spring dream which vanishes without a trace." I should be ungrateful to the gods if I did not try to put my life down on record."