📖 Overview
The New Confessions of an Economic Hit Man expands on Perkins' 2004 bestseller with new revelations about his work as an economic consultant in the 1970s. This updated memoir details how corporations and governments collaborate to build a global empire through economic manipulation and exploitation.
Perkins recounts his recruitment and training to become an "economic hit man" - a professional who convinces developing nations to accept massive loans for infrastructure projects. The book documents his assignments across Indonesia, Panama, Ecuador, and other nations where he promoted projects that enriched U.S. corporations while indebting local populations.
The 2016 edition includes new chapters about current economic and political issues, from the 2008 financial crisis to climate change. Perkins describes how the basic tactics he witnessed decades ago have evolved into more sophisticated methods used by corporations and governments today.
This memoir raises fundamental questions about global economics, corporate power, and the true cost of international development. Through his firsthand account, Perkins exposes the hidden mechanisms that create and perpetuate global inequality.
👀 Reviews
Readers describe this as an eye-opening account of economic manipulation and corporate exploitation, though many question its credibility and lack of supporting evidence.
What readers liked:
- Clear explanation of how debt is used to control developing nations
- Personal perspective from someone claiming insider knowledge
- Connections between corporate interests and global politics
- Updated information from the 2016 edition
What readers disliked:
- Repetitive content from the original 2004 version
- Limited documentation to verify claims
- Self-promoting tone
- Too much personal history unrelated to main topic
Ratings:
Goodreads: 4.0/5 (24,000+ ratings)
Amazon: 4.6/5 (2,800+ ratings)
Common reader comment: "Important message but needs more proof"
Several readers noted the book reads more like a confession or memoir than an exposé, with one Amazon reviewer stating: "The author spends too much time on personal redemption instead of providing concrete evidence."
📚 Similar books
Confessions of a Hitman by Jeffrey Allen
A former CIA operative reveals the methods used to destabilize foreign governments through economic and political manipulation.
The Shock Doctrine by Naomi Klein The book documents how corporations and governments exploit natural and economic disasters to implement market reforms that serve private interests.
Treasure Islands by Nicholas Shaxson This investigation exposes the inner workings of tax havens and the global offshore banking system that enables corporate and political corruption.
Web of Debt by Ellen Brown The book traces the history of central banking and reveals the mechanisms through which private banking interests control national economies.
The Blood Bankers by James S. Henry A former chief economist examines how international banks, multinational corporations, and government agencies collaborate to exploit developing nations through debt.
The Shock Doctrine by Naomi Klein The book documents how corporations and governments exploit natural and economic disasters to implement market reforms that serve private interests.
Treasure Islands by Nicholas Shaxson This investigation exposes the inner workings of tax havens and the global offshore banking system that enables corporate and political corruption.
Web of Debt by Ellen Brown The book traces the history of central banking and reveals the mechanisms through which private banking interests control national economies.
The Blood Bankers by James S. Henry A former chief economist examines how international banks, multinational corporations, and government agencies collaborate to exploit developing nations through debt.
🤔 Interesting facts
🔸 Author John Perkins worked as a chief economist for Chas. T. Main, where he claims his real job was to convince developing countries to accept massive loans they could never repay, thus making them economically dependent on the United States.
🔸 The 2016 edition includes 15 new chapters, revealing how economic hit man techniques have become more sophisticated and expanded domestically within the US.
🔸 The original version spent 70 weeks on the New York Times bestseller list and has been translated into 32 languages.
🔸 Perkins alleges that the deaths of Latin American leaders Omar Torrijos (Panama) and Jaime Roldós (Ecuador) were not accidents, but assassinations because they opposed the interests of the international banking community.
🔸 Before becoming an economic consultant, Perkins served in the Peace Corps in Ecuador, where he first encountered the practices he would later expose in his book.