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 fur...
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