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Lunch » Tags » Books » Reviews » Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded--and What We Need to Do to Remake Them » User review

Reading it will simultaneously anger and depress you

  • Nov 23, 2009
Rating:
+5
Although I am a longtime political and news junkie, it is not possible for me to accurately determine the truth of all the claims that are made in this book. However, I do know a great deal of history and have some knowledge of economics so I can reach conclusions on many of the claims. Where I am able, I can confirm the accuracy of what Perkins puts forward.
Perkins is a self-proclaimed former "economic hit man" (EHM), a person whose job is to convince people to accept his economic claims to the long-term detriment of their country or organization. He describes some of the tactics used to press a form of economic imperialism on other countries, where their leaders are pressed to accept loans, allow multi-national corporations to enter the country and engage in rapacious development and describes the consequences if the leaders try to assert independence.
Perkins also goes into detail and explains how similar tactics have been applied in the United States, where there is the increasing consequence of wealth being concentrated in a smaller and smaller economic elite. He has very harsh words for some of the most praised business leaders, especially for the often-praised Jack Welch and Sam Walton, former CEO of General Electric and founder of Wal-Mart respectively.
This is a book that will simultaneously anger and depress you, the anger will be generated from the knowledge that the United States is more and more being governed by the equivalent of a corporate theocracy where the basis of the religion is the ruthless acquisition of wealth. Since the odds are approximately four to one that you are a victim of this movement and your real earnings have declined as a consequence, frustration and depression are a natural consequence of reading about how it has happened.

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More Hoodwinked: An Economic Hit Ma... reviews
review by . December 12, 2009
I will say that John Perkins is on to something. I will not say that he is on to EVERYTHING. Mr. Perkins does an excellent job demonstrating how capitalism running amuck has caused short-sighted CEO's to vastly inflate their own pay. This lack of long-term vision can cripple a company, and as we have recently learned an entire economy. Be warned if you are a Reagan conservative this book will likely offend you - deeply. However, that does not mean that Perkins doesn't hit on some truths. …
review by . November 30, 2009
Perkins, John. "Hoodwinked: An Economic Hit Man Reveals Why the World Financial markets Imploded--and What We need to Do to Remake Them', Broadway Business, 2009.    The Real Details    Amos Lassen      John Perkins shows us the real reason for the global financial meltdown by showing us how we have been "hoodwinked" by the CEOs of the companies who run corporate businesses and that those corporations control not only large amounts …
About the reviewer
Charles Ashbacher ()
Ranked #77
Charlie Ashbacher is a compulsive reader and writer about many subjects. His prime areas of expertise are in mathematics and computers where he has taught every course in the mathematics and computer … more
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Wiki

Robert Baer Reviews Hoodwinked

Robert Baeris the author of twoNew York Timesbestsellers:Sleeping with the Devil, about the Saudi royal family and its relationship with the United States; andSee No Evil, which recounts Baer’s years as a top CIA operative.See No Evilwas the basis for the acclaimed filmSyriana, which earned George Clooney an Oscar for his portrayal of Baer. Baer has contributed toVanity Fair, theWall Street Journal, and theWashington Post. He is considered one of the world’s foremost authorities on the Middle East. Read his guest review ofHoodwinked:

I wasn’t twenty pages into Hoodwinked when I realized Perkins nailed it. What got us into the mess we’re in today, the worst recession since the Great Depression, is the same grotesque capitalism cum corruption we shoved down the throat of the Third World since the end of World War II. (Yes, the Third World’s elites were cheerfully corrupted.)

We, and the rest of the West, learned the trick of selling unneeded infrastructure, services, over-sophisticated weapons--stuff that could never benefit anyone other than the people who lined their pockets. And yes, Perkins is right, the international economists and press were handmaidens to the thievery.

It was all fairly routine until 9/11, when the real gorging started. Tell the people their roof is on fire and they’ll give you whatever you ask for. Between 2001 and 2009 the Department of Defense budget increased 74 percent, and ...

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Details

ISBN-10: 0307589927
ISBN-13: 978-0307589927
Author: John Perkins
Genre: Business & Investing
Publisher: Crown Business
First to Review
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