Beginning in the 1960s, a symbiotic relationship developed between governments, corporations and multinational organizations. U.S. intelligence agencies such as the NSA and CIA identify prospective “Economic Hit Men,” who are then hired by international corporations. These corporations are paid by government agencies – with taxpayers dollars – and granted protection from Congress and the press through a growing body of laws (trademark, international trade and freedom of information). Intertwining enterprises of globalization and privatization evolved U.S. corporations into international entities operating freely under the protection of various regulations.
“Economic Hit Man” refers to those who justify loans to developing nations, provided the money is used for engineering and construction projects contracted to U.S. companies like Bechtel, Haliburton and Brown & Root. The services provided require continual upgrading so highly technical it can only be maintained by the companies that originally developed them. Once the company receives payment, the EHM bankrupts that nation. Because of debt, these countries are then obliged to entertain favors to the U.S., usually by permitting U.S. military bases on their soil, casting UN votes supporting U.S. interests and granting the U.S. access to oil and other natural resources.
These nations gain power plants, highways and ports, but are cheated countries out of billions of dollars. Moreover, their corrupt leaders are encouraged to promote U.S. commercial interests, strengthening their political credentials by developing industry, while the majority of the population is exploited, with only the wealthiest reaping benefits.
U.S. currency is not backed by gold, and this allows America to grant loans that will never be repaid even as America accumulates debts of its own, mostly to China and Japan The stability of U.S. currency depends upon widespread confidence in our economy, our military muscle and access to natural resources across the globe. Should another currency (such as the Euro) replace the dollar, or if U.S. creditors suddenly call in their debts, it America’s economy to its very core.
Most university economics courses don’t teach this. Exposing the truth could jeopardize the career of a college professor, which is unfortunate, for the imperialist drive is self-destructive. The America that reaps the benefits, though among the wealthiest society in the world, has some of the highest rates of suicide, drug abuse and violence.
Within the last 50 years, this commercially interested foreign policy led to invasions of Panama and Iraq, the creation of the School of the Americas, the eradication of indigenous tribes, incalculable damage to the environment, and the CIA-sponsored assassinations of political leaders, including Omar Torrijos, Jaime Roldos, and Hugo Spadafora.
Moreover, 24,000 people die each day of hunger, though America and its corporations possesses the wealth, power and technology to end world hunger and provide medicines to cure diseases and prevent epidemics.
