Democracy Uprising
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      Could we be entering a ‘movement moment’ against…

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      Trump’s backpedaling shows he’s not invincible

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      It’s going to take multiple strategies to win…

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      A new wave of movements against Trumpism is…

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      How to make sure your disruptive protest helps…

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      Trump’s backpedaling shows he’s not invincible

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      It’s going to take multiple strategies to win…

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      A new wave of movements against Trumpism is…

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      Jordlösa kombinerar radikala visioner med praktiska reformer (Swedish)

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      Hacer Que Nuestras Demandas Sean Tanto Orácticas Como…

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Democracy Uprising

  • About
    • About Mark Engler
    • About Democracy Uprising
  • Books
    • This Is An Uprising
    • How To Rule the World
  • Topics
    • All Latin America Social Movements Religion U.S. Politics / Elections War / Militarism Book Reviews Environment Essays / First Person Global Economy Immigration Labor
      Social Movements

      Could we be entering a ‘movement moment’ against…

      U.S. Politics / Elections

      Trump’s backpedaling shows he’s not invincible

      Blog

      It’s going to take multiple strategies to win…

      Social Movements

      A new wave of movements against Trumpism is…

      2023-2025

      How to make sure your disruptive protest helps…

      Social Movements

      Why protests work, even when not everybody likes…

      Social Movements

      Harold Washington’s lessons for taking on a political…

      U.S. Politics / Elections

      Strategy is a Craft

      Latin America

      How movements can maintain their radical vision while winning…

      Latin America

      The Pan American

      Latin America

      Lessons from the Pledge of Resistance

      Latin America

      The Children of Intervention

      Latin America

      Against Shithole Nationalism

      Latin America

      The Last Porto Alegre

      Latin America

      Kissinger Is Not Our Friend

      Latin America

      Even If You Have Nothing to Hide

      Social Movements

      Could we be entering a ‘movement moment’ against…

      Social Movements

      Trump’s backpedaling shows he’s not invincible

      Social Movements

      It’s going to take multiple strategies to win…

      Social Movements

      A new wave of movements against Trumpism is…

      Social Movements

      How to make sure your disruptive protest helps…

      Social Movements

      Why protests work, even when not everybody likes…

      Social Movements

      Harold Washington’s lessons for taking on a political…

      Social Movements

      Strategy is a Craft

      Religion

      In God’s Country

      Religion

      Reverend Billy’s Holiday Shopocalypse

      Religion

      Toward the “Rights of the Poor”

      Religion

      The Pope and the Poor

      Religion

      Will the Next Pope Embrace Liberation Theology?

      Religion

      Remembering Romero

      Religion

      John Paul II’s Economic Ethics

      Religion

      Against the God of Free Trade

      U.S. Politics / Elections

      Could we be entering a ‘movement moment’ against…

      U.S. Politics / Elections

      Trump’s backpedaling shows he’s not invincible

      U.S. Politics / Elections

      It’s going to take multiple strategies to win…

      U.S. Politics / Elections

      A new wave of movements against Trumpism is…

      U.S. Politics / Elections

      Harold Washington’s lessons for taking on a political…

      U.S. Politics / Elections

      Strategy is a Craft

      U.S. Politics / Elections

      Think #MeToo didn’t make a real difference? Think…

      U.S. Politics / Elections

      This new model for upholding labor law may…

      War / Militarism

      Does It Make Sense to Protest a President…

      War / Militarism

      Lessons from the Pledge of Resistance

      War / Militarism

      Is Rambo Still A Republican?

      War / Militarism

      War: The Wrong Jobs Program

      War / Militarism

      The Ascent of Niall Ferguson

      War / Militarism

      Those Who Don’t Count

      War / Militarism

      Six Essays About War and About Peace

      War / Militarism

      The Dangerous Dignity of War

      Book Reviews

      The Pan American

      Book Reviews

      The Godfather of Microcredit

      Book Reviews

      Capitalism as Catastrophe

      Book Reviews

      Four Ways of Looking at an Aztec Eagle

      Book Reviews

      The Ascent of Niall Ferguson

      Book Reviews

      Ordinary Outrages

      Book Reviews

      No Better Place

      Book Reviews

      In God’s Country

      Environment

      Why Wendell Matters

      Environment

      The Gulf at the Gas Station

      Environment

      Climate Disobedience

      Environment

      Farming the Everglades

      Environment

      The Winter of the Climate Denier

      Environment

      Climate of Change: An “Inside-Outside” Strategy Against Global…

      Environment

      Provoking an American Climate Crisis

      Environment

      The Real “Farmer” Story: So God Made High-Fructose…

      Essays / First Person

      Is Rambo Still A Republican?

      Essays / First Person

      On the Price is Right

      Essays / First Person

      The Last Porto Alegre

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      Six Essays About War and About Peace

      Essays / First Person

      Republicans Among Us

      Essays / First Person

      New York Says “No”

      Essays / First Person

      The Sideshow Rebels

      Essays / First Person

      A Week in New York

      Global Economy

      Meet the Bailout’s New Slush Fund for Corporate…

      Global Economy

      The Seattle Protests Showed That Another World Is…

      Global Economy

      Jeff Bezos Has Enough! It’s Time for a…

      Global Economy

      The Amazon Effect: Sweat, Surveillance, Exploitation

      Global Economy

      The Godfather of Microcredit

      Global Economy

      Capitalism as Catastrophe

      Global Economy

      Immigration Economics: An Interview with Professor Giovanni Peri

      Global Economy

      The World Is Not Flat

      Immigration

      When Undocumented Activists Infiltrated ICE

      Immigration

      The Children of Intervention

      Immigration

      Immigration Economics: An Interview with Professor Giovanni Peri

      Immigration

      Science Fiction From Below

      Immigration

      Four Ways of Looking at an Aztec Eagle

      Immigration

      Treated Like a Criminal

      Immigration

      When Sanctuary is Resistance

      Immigration

      The Massive Immigrants Rights Protests of 2006 Are…

      Labor

      This new model for upholding labor law may…

      Labor

      Democrats Won Power in Several States. Will They…

      Labor

      The Case for a Social Distancing Wage

      Labor

      The Seattle Protests Showed That Another World Is…

      Labor

      Reviving the General Strike

      Labor

      Jeff Bezos Has Enough! It’s Time for a…

      Labor

      There’s Still Power in a Strike

      Labor

      The Amazon Effect: Sweat, Surveillance, Exploitation

  • Translations
    • All Italiano Japanese Português Arabic Thai Chinese Deutsch Español Français
      Swedish

      Jordlösa kombinerar radikala visioner med praktiska reformer (Swedish)

      Español

      Hacer Que Nuestras Demandas Sean Tanto Orácticas Como…

      Italiano

      C’è più di un modo per colpire il…

      Português

      As reformas não reformistas de André Gorz mostram…

      Español

      Las reformas no reformistas de André Gorz

      Deutsch

      Die nicht-reformistischen Reformen von André Gorz

      Italiano

      Richieste dei movimenti: sia pratiche che visionarie

      Chinese

      泛美洲人 爱德华多·加莱亚诺的世界 (Chinese)

      Italiano

      C’è più di un modo per colpire il…

      Italiano

      Richieste dei movimenti: sia pratiche che visionarie

      Italiano

      La strategia di Gandhi per il successo –…

      Italiano

      Le promesse infrante di Obama

      Italiano

      Guantanamo deve sparire

      Italiano

      IL BANK TRANSFER DAY: UN SUCCESSO

      Italiano

      Come il movimento Occupiamo Wall Street si sta…

      Italiano

      Economia tabù

      Japanese

      ガンジーはどのように勝利したのか? (Japanese)

      Japanese

      Truth Versus Superpower (Japanese)

      Japanese

      Bush’s Bad Business Empire (Japanese)

      Japanese

      Revenge of the Combat Cartoonist (Japanese)

      Japanese

      Bush’s Uneasy Mexican Visita (Japanese)

      Japanese

      Mark Twain in Iraq (Japanese)

      Japanese

      Globalization’s “Lost Decade” (Japanese)

      Japanese

      Hawks Say the Damnedest Things (Japanese)

      Português

      As reformas não reformistas de André Gorz mostram…

      Português

      A vida na Nação Prisão

      Português

      Outro pretexto?

      Português

      Imigração tem efeito positivo sobre emprego e salários

      Português

      O império hipotecado

      Arabic

      Abandoning the World Bank (in Arabic)

      Arabic

      The Return of Daniel Ortega (in Arabic)

      Arabic

      Where’s The Jubilee? (in Arabic)

      Arabic

      The Last Porto Alegre (in Arabic)

      Arabic

      Seattle At Five (in Arabic)

      Arabic

      Is Market Access the Answer to Poverty? (in…

      Arabic

      Mexico’s Democratic Transition Still Incomplete (in Arabic)

      Thai

      Progressive Good Tidings of 2007 (in Thai)

      Thai

      2006: A Global Justice Year in Review (In…

      Thai

      WTO: Best Left For Dead? (In Thai)

      Thai

      Is Market Access the Answer to Poverty? (In…

      Thai

      Bush’s Bad Business Empire (In Thai)

      Thai

      The Last Porto Alegre [Thai]

      Thai

      Globalizers, Neocons, or… ? (in Thai)

      Chinese

      泛美洲人 爱德华多·加莱亚诺的世界 (Chinese)

      Chinese

      Why Wendell Matters (in Chinese)

      Chinese

      Globalization’s Watchdogs (in Chinese)

      Deutsch

      Die nicht-reformistischen Reformen von André Gorz

      Deutsch

      Als Martin Luther King seine Feuerwaffen aufgab

      Deutsch

      Mikrokredite: Die Entlassung eines Nobelpreisträgers

      Deutsch

      CAFTA – am besten stillschweigend beerdigen

      Deutsch

      Bush in Mexiko

      Deutsch

      Das globale Duell in Evian

      Deutsch

      Die Rückkehr des Daniel Ortega

      Español

      Hacer Que Nuestras Demandas Sean Tanto Orácticas Como…

      Español

      Las reformas no reformistas de André Gorz

      Español

      ¿Adoptará el nuevo papa la teología de la…

      Español

      Wall Street quiere que les estemos agradecidos

      Español

      Si Las Monjas Se Fueran a una Huelga,…

      Español

      ALEC retrocede; a la derecha le da un…

      Español

      ¿ALEC disgustado ante la pérdida de patrocinadores? Se…

      Español

      La vida en la nación prisión

      Français

      La révolution non-violente a-t-elle échoué en Egypte?

      Français

      Le pari risqué du populisme au Pérou

      Français

      Hong Kong Phooey

      Français

      Bush Nuit Même Aux Compagnies U.S.

      Français

      Le dynamisme du mouvement pour la paix

      Français

      La déroute de l’ALCA dans une Miami en…

      Français

      Ceux qui ne comptent pas

      Français

      La guerre en Irak : une expo des…

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Book ReviewsGlobal Economy2005-2006

Failures of an Economic Hit Man

by Mark Engler April 18, 2005
written by Mark Engler April 18, 2005
Failures of an Economic Hit Man

A review of the best-selling Confessions of an Economic Hit Man.

Published in In These Times.


From David Horowitz to Christopher Hitchens, progressive turncoats who abandon their youthful convictions seem to have little trouble finding warm welcome on the right. Following conservatives’ example, it would seem prudent not to shun those Republican attack dogs and big-business warriors whose awakened consciences give them a desire to atone for their misdeeds.

This attitude may explain the recent embrace offered to John Perkins, a former corporate consultant and author of Confessions of an Economic Hit Man. Remarkably, his book, which uses an insider’s perspective to construct a forthright critique of neoliberal globalization and U.S. foreign policy, has climbed as high as number nine on The New York Times bestseller list. In recent months Perkins has joined Amy Goodman for an extended radio interview and has lectured attentive audiences at the World Social Forum in Porto Alegre.

Regrettably, Confessions is not a good book, and readers have reason to feel that Perkins has yet to earn the place of honor granted him by many concerned globalists.

It is true that Perkins has written an engaging account of the “highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank… and other foreign ‘aid’ organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources.” These professionals are the titular economic hit men. And Perkins tells us that, for the decade of the 1970s, he was one of them, having risen to the rank of “Chief Economist” at the powerful, if secretive, contracting firm of Chas T. Main.

The author claims that, after being recruited by the National Security Agency (NSA), he was sent to the private sector. There, he knowingly worked to convince poor countries to take on loans that they could never repay, so that firms like Main, Halliburton, and Bechtel could enjoy lucrative construction contracts and the U.S. government could leverage its power over the indebted nations. “My publisher asked whether we actually referred to ourselves as economic hit men,” Perkins writes. “I assured him that we did, although usually only by the initials,” EHMs. That many Americans are learning of the EHMs’ nefarious acts through Perkins’ book is undoubtedly a good thing.

The problem is that actual content of Perkins’ admissions proves distressingly thin. It turns out that, in the twenty-five years since he retired, EHMs have ceased to exist as such. By the end of his tenure, the ruling “corporatocracy” had “gotten better or more pernicious.” Telling of the people he recruited into his firm, Perkins writes that “there had been no NSA polygraphs… in their lives. No one had spelled it out for them, what they were expected to do to carry on the mission of global empire.” Today’s corporate agents, as we suspected long before Perkins ever told us, simply operate in pursuit of profit and power, with the belief that economic growth will yield salvation. The explicit exercise of bad faith foreign policy embodied by the EHM is no longer needed.

In Porto Alegre, Walden Bello placed Confessions in the tradition of the Pentagon Papers and of ex-agent Philip Agee’s anti-CIA memoir. Similarly, in his dust jacket quotation, David Korten writes that Perkins “names names and connects the dots.” But that is precisely what Perkins doesn’t do. Unlike Agee’s extensive listing of CIA operatives, Perkins outs no one. Rather than bringing forth his own evidence of specific offenses, he relies on already published accounts to back his revelations: He uses a Vanity Fair story to discuss the Bushes’ relationship with the Saudi royal family, referring to his own Saudi contact only as “Prince W.”

Then there are his New Age leanings. Toward the end of the book Perkins relates his current nonprofit work with indigenous people in places like Ecuador. In a bizarre turn, he delves into a type of essentialism that, thankfully, has been long banished from university anthropology departments. He recounts “The Prophecy of the Condor and the Eagle,” predicting a time in which “the condor people of the Amazon,” with their “intuitive and mystical” sensibilities, will learn to live in peace with the “rational and material” Eagle.

Putting the fate of the “Third Millennium” aside, it seems that John Perkins’ penance is incomplete—that we should demand something more than his current Confessions. If other ex-EHMs come forward as a result of his book to uncover the specific deals and deal-makers that have shaped the modern age of globalization, it would be an inspiring development. But for now, we have only Perkins. He has written the spy-thriller version of his past life—designed to be accessible, if not to offer much fat on the bone. Now that he has our attention, let’s have the meat.

Mark Engler

Mark Engler is a writer based in Philadelphia and an editorial board member at Dissent magazine. His latest book, written with Paul Engler, is entitled This Is an Uprising: How Nonviolent Revolt Is Shaping the Twenty-First Century.

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The Author

Mark Engler is a writer based in Philadelphia and an editorial board member at Dissent magazine. His latest book, written with Paul Engler, is entitled This Is an Uprising: How Nonviolent Revolt Is Shaping the Twenty-First Century (Nation Books). Mark’s full bio is available here.

Latest Articles

  • Could we be entering a ‘movement moment’ against Trump?

    April 10, 2025
  • Trump’s backpedaling shows he’s not invincible

    March 19, 2025
  • It’s going to take multiple strategies to win under Trump 2.0

    January 31, 2025
  • A new wave of movements against Trumpism is coming

    November 9, 2024
  • How to make sure your disruptive protest helps your cause

    August 9, 2024

Mark’s Articles Appear In:

  • Dissent
  • The Nation
  • The New Republic
  • N+1
  • Salon.com
  • The Los Angeles Times
  • Waging Nonviolence
  • Boston Review
  • The Atlantic
  • Rolling Stone
  • The Guardian
  • In These Times
  • TomDispatch
  • New Internationalist
  • Yes! Magazine
  • Audubon Magazine
  • Jacobin
  • Mother Jones
  • Le Monde diplomatique
  • Grist Magazine
  • Rebelión
  • The San Francisco Chronicle
  • The Progressive
  • Newsday
  • openDemocracy
  • Truthout
  • Christian Science Monitor
  • Dollars & Sense
  • Progreso Semanal
  • Chicago Reader
  • Sin Permiso
  • Baltimore Sun
  • The Ecologist
  • TruthDig
  • Asia Times
  • Sierra Magazine
  • Labor Notes
  • New Politics
  • The Catholic Worker
  • The Des Moines Register
  • Facebook
  • Twitter
  • Email

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