Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded--and What We Need to Do to Remake Them
by John Perkins
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Robert Baer Reviews Hoodwinked Robert Baer is the author of two New York Times bestsellers: Sleeping with the Devil, about the Saudi royal family and its relationship with the United States; and See No Evil, which recounts Baer’s years as a top CIA operative. See No Evil was the basis for the acclaimed film Syriana, which ear...
Robert Baer Reviews Hoodwinked Robert Baer is the author of two New York Times bestsellers: Sleeping with the Devil, about the Saudi royal family and its relationship with the United States; and See No Evil, which recounts Baer’s years as a top CIA operative. See No Evil was the basis for the acclaimed film Syriana, which earned George Clooney an Oscar for his portrayal of Baer. Baer has contributed to Vanity Fair, the Wall Street Journal, and the Washington Post. He is considered one of the world’s foremost authorities on the Middle East. Read his guest review of Hoodwinked:
I wasn’t twenty pages into Hoodwinked when I realized Perkins nailed it. What got us into the mess we’re in today, the worst recession since the Great Depression, is the same grotesque capitalism cum corruption we shoved down the throat of the Third World since the end of World War II. (Yes, the Third World’s elites were cheerfully corrupted.)
We, and the rest of the West, learned the trick of selling unneeded infrastructure, services, over-sophisticated weapons--stuff that could never benefit anyone other than the people who lined their pockets. And yes, Perkins is right, the international economists and press were handmaidens to the thievery.
It was all fairly routine until 9/11, when the real gorging started. Tell the people their roof is on fire and they’ll give you whatever you ask for. Between 2001 and 2009 the Department of Defense budget increased 74 percent, and that is not to mention the hundreds of billions of dollars in related contracts. Nigeria on the Potomac.
Perkins is quick to state he doesn’t believe in a grand conspiracy theory. Few of the people who call the shots have ever met each other. They don’t have a playbook other than a couple of fraudulent economists like Milton Friedman and the others who worship at the altar of deregulation. No, what they have in common is an obsession with the winner takes all.
Perkins's message isn’t going to be popular. We’re a country invested in a system in which five percent of the world’s population consumes 25 percent of the world’s resources. It's a system we’re trying to sell to the world, only we don’t mention that we’ll need five planets to sustain it.
Perkins isn’t the pessimist I am. He says we can save the world if we green it--and, of course, start telling the truth to each other. Otherwise we end up a banana republic like the ones we know so well how to despoil. --Robert Baer Read less