Confessions of an Economic Hit Man - Chapter 2 Summary & Analysis

John Perkins
This Study Guide consists of approximately 28 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Confessions of an Economic Hit Man.
This section contains 184 words
(approx. 1 page at 400 words per page)

Chapter 2 Summary and Analysis

The narrator had no clue what MAIN actually did. He is first assigned to Kuwait, so he thoroughly researches that country. He is approached by a beautiful woman in the Library, who gives him a book on Kuwait. She will train him to be an Economic Hit Man (EHM). The whole thing seemed "cloak-and-dagger" to him. She explained that EHMs have two objectives—to justify large loans for less-developed countries (LDC's) and to bankrupt those countries that took the loans, so they would be permanently indebted to their creditors. Because experienced technicians from the US are employed, the loan money goes back to the US. When the U.S. needs favors such as military bases, U.N. votes, or natural resources such as oil, the bankrupt countries are pressured to concede. The US used these policies to fight the Soviet Union economically. In using private corporations to ruin LDC's economically, the US government appeared "innocent." It was all legal, but immoral. John was eager to learn the process, gain from it and later expose it.

This section contains 184 words
(approx. 1 page at 400 words per page)
Copyrights
BookRags
Confessions of an Economic Hit Man from BookRags. (c)2016 BookRags, Inc. All rights reserved.