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...Similar Posts
Disruption became the new norm in the business world
The business world was once a place where companies could operate steadily without much fear of sudden changes. However, this s...
Economic competition drives market efficiency
The idea that economic competition is the force that propels markets toward efficiency is a fundamental concept in the study of...
Economic crises are a result of policy failures
Economic crises do not occur out of the blue. They are not acts of God. They are man-made disasters, resulting from policy fail...
Renewed pride in Western culture can reverse the decline
The key to reviving the West lies in rediscovering the pride in our own culture that has been lost over the years. Our civiliza...
Spread of goods and ideas
The interconnectedness of the modern world has led to a rapid dissemination of goods and ideas across borders. Products manufac...
The education system fails to instill patriotism
The failure of the education system to instill patriotism is a grave threat to the survival of the West. In classrooms across t...
Democracy is undermined by the influence of powerful nations
The power dynamics of the world today are starkly evident in the way powerful nations wield their influence over smaller, less ...