‘There are two ways to conquer and enslave a society. One is by the sword. The other is by debt’ - John Adams
Author of Confessions of an Economic Hit Man, John Perkins explains how the US has systematically economically enslaved developing countries by using economic hit men to encourage leaders to seek loans they cannot pay as leverage to eventually own them. The World Bank and IMF then refinance the debt these countries can’t pay in order to force governments to sell the natural resources of their country to the West for significantly below market value, or vote with the West in the UN, or use the money to buy Western services and contractors to build infrastructure. Progressive leaders like Panama’s Omar Torrijos who refused to be a part of this corrupt matrix are either assassinated or overthrown and as a last resort taken out by a US led and Western backed military operation. Perkins cites Iraq as a perfect example of this. The same thing is obviously happening in Libya right now. The same thing also happened with African leaders like Thomas Sankara and Patrice Lumumba. Perkin’s concludes that the US has now created a global Empire in which there is more slavery than ever before. This Empire is a corporatocracy run by corporations and supported by government policy. The objective is to maximise profit by any means necessary regardless of the social harm it costs.