In a blog post a couple of days ago about Honduras, I mentioned a book by John Perkins called Confessions of an Economic Hit Man. Coincidentally, that same day it was announced that Robert McNamara, the former defense secretary in the Kennedy administration and a key figure in the book, had died. It’s funny to think how McNamara is related to the events unfolding in Honduras, as well as the ongoing protests in Iran.
Confessions centers around Perkins’ career as an “economic hit man” in the ’70s and ’80s, a position whereby governments in underdeveloped nations were made to accept massive loans from organizations such as the World Bank for infrastructure improvements and other public service projects. Once in debt, those nations would then be willing to accept contracts with American companies, who would exploit the countries’ natural resources for their own gain. Such nations would also become politically indebted to the U.S., thus furthering American political influence around the world during the Cold War.












