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Zeitgeist The Addendum Globalization

Interview with John Perkins, author of Confessions of an Economic Hitman, who explains his own role in the facilitatiion of subjugation of Latin American economies by multinational corporations, including the United States government's involvement in the overthrow and installation of various Latin American heads-of-state. Perkins asserts that the there are three steps required to conquer the target nation:

  1. Arranging loans that will be impossible to repay,
  2. Using the International Monetary Fund (IMF) or World Bank to force the host nation to renegotiate the debt through agreements that result in currency devaluation, resources being made available at a low cost, selling of public services to foreign corporations, support in foreign conflicts, etc. When these steps fail, the second measure taken is to overthrow the government, through assassinations, staged protests, and bribery. The history of Guatemala, Ecuador, Panama, Venezuela, and the Shah in Iran, are used as asserted examples of economic subjugation.
  3. As a last resort, the military is sent to topple regimes, and Iraq is shown as one of these cases.