Poverty and debt plague the exploited nations from "summary" of Confessions of an Economic Hit Man, 3rd Edition by John Perkins
The impoverished nations we exploit are trapped in a vicious cycle of poverty and debt that they cannot escape. This cycle begins with the offer of loans from organizations like the World Bank and International Monetary Fund, which are used to finance large-scale infrastructure projects. These projects are often designed to benefit the interests of multinational corporations, rather than the local population. As a result, these nations find themselves drowning in debt, unable to repay the loans they have taken on. This debt burden cripples their economies, leaving them unable to invest in social programs or improve the lives of their citizens. Meanwhile, the interest payments on these loans continue to mount, creating a never-ending cycle of debt that only serves to further enrich the wealthy elite. In order to keep these nations under our control, we use a variety of tactics to ensure that they remain dependent on us for financial assistance. This includes manipulating their governments through bribery and corruption, as well as supporting dictators who are willing to do our bidding in exchange for financial support. By keeping these nations in a state of perpetual poverty and debt, we are able to exploit their resources and labor for our own benefit. This not only enriches the already wealthy elite, but also ensures that these nations remain powerless to challenge our dominance. The exploitation of these nations is a key component of our economic empire, and one that we will continue to perpetuate as long as it serves our interests.
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