"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Wednesday, October 28, 2009

Dirty Laundry

Every once in a great while a member of the ruling class or, more often than not, one of its lackeys will find themselves grappling with their conscience and succumb to its influence. John Perkins faithfully served his masters for decades as an economist for a US based consulting and engineering firm that specialized in convincing the ruling elites of developing nations to take on massive debt in the form of World Bank and/or IMF loans for construction projects of negligible indigenous economic benefit but a source of windfall profits for western corporations and their investors. Perkins lays out all of the sordid details in his memoir Confessions of an Economic Hit-man but provides a handy Cliff-Notes version in this interview:

No comments: