Global capitalism perpetuates inequality from "summary" of The New Confessions of an Economic Hit Man by John Perkins
Global capitalism perpetuates inequality by design. The system is set up to concentrate wealth and power in the hands of a few, while the majority of the world's population struggles to make ends meet. This inequality is not an accident, but rather a result of deliberate policies and practices that benefit the elite at the expense of the rest. One of the main ways in which global capitalism perpetuates inequality is through the exploitation of developing countries. Economic Hit Men, like myself, are sent in to these countries to convince their leaders to take out large loans for infrastructure projects that they cannot afford. These projects are often built by Western companies, who profit handsomely from the contracts. Meanwhile, the country is left saddled with debt that it cannot repay, leading to a cycle of p...
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