Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded--and What We Need to Do to Remake Them

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More About This Book

Overview

John Perkins has seen the signs of today's economic meltdown before. The subprime mortgage fiascos, the banking industry collapse, the rising tide of unemployment, the shuttering of small businesses across the landscape are all too familiar symptoms of a far greater disease. In his former life as an economic hit man, he was on the front lines both as an observer and a perpetrator of events, once confined only to the third world, that have now sent the United States—and in fact the entire planet—spiraling toward disaster.

Here, Perkins pulls back the curtain on the real cause of the current global financial meltdown. He shows how we've been hoodwinked by the CEOs who run the corporatocracy—those few corporations that control the vast amounts of capital, land, and resources around the globe—and the politicians they manipulate. These corporate fat cats, Perkins explains, have sold us all on what he calls predatory capitalism, a misguided form of geopolitics and capitalism that encourages a widespread exploitation of the many to benefit a small number of the already very wealthy. Their arrogance, gluttony, and mismanagement have brought us to this perilous edge. The solution is not a "return to normal."

But there is a way out. As Perkins makes clear, we can create a healthy economy that will encourage businesses to act responsibly, not only in the interests of their shareholders and corporate partners (and the lobbyists they have in their pockets), but in the interests of their employees, their customers, the environment, and society at large.

We can create a society that fosters a just, sustainable, and safe world for us and our children. Each one of us makes these choices every day, in ways that are clearly spelled out in this book.

"We hold the power," he says, "if only we recognize it." Hoodwinked is a powerful polemic that shows not only how we arrived at this precarious point in our history but also what we must do to stop the global tailspin.

Editorial Reviews

Library Journal
Here's another set of tall tales written in purple prose from the self-proclaimed Economic Hit Man. Reading what is in many ways a retread, we again behold Perkins's pro wrestling-worthy persona. Seduced and trained by a hypersexed femme fatale in the 1970s, he circled the globe, just in advance of a CIA hit squad, hoodwinking naive foreign governments into exploitive aid agreements and thus paving the way for the "Corporatocracy," led by Milton Friedman, Ronald Reagan, and the Shah of Iran, to pillage and plunder at will. Now he travels the world promoting sustainable lifestyles and shamanism. His solution to the worldwide financial meltdown is simply to endorse the Triple Bottom Line—the idea, popular in business schools for the last decade, that businesses should consider financial, social, and ecological costs and benefits. VERDICT This can be a fun bit of infotainment for those willing to play along. Fans of Perkins's previous books will find more of the same to like here. Readers looking for serious information about the current state of the world economy will be disappointed.—Robert Perret, Univ. of Idaho Lib., Moscow

Product Details

  • ISBN-13: 9780307589927
  • Publisher: Crown Publishing Group
  • Publication date: 11/10/2009
  • Pages: 244
  • Sales rank: 431,257
  • Product dimensions: 5.70 (w) x 8.30 (h) x 1.10 (d)

Meet the Author

JOHN PERKINS is the bestselling author of the classic exposé Confessions of an Economic Hit Man and an economist who has enjoyed a front-row seat to world events for the past four decades—as the chief economist of a major consulting firm and economic hit man for the American corporatocracy in the 1970s, CEO of an energy company in the 1980s, and founder of nonprofits in the 1990s and 2000s. He spent the past five years traveling across the United States and to many other countries where he met with government and corporate leaders, spoke at universities and business conferences, talked with people from all walks of life, and gained invaluable insights into the underlying causes of the current crisis.

Customer Reviews

Average Rating 3.5
( 17 )

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Sort by: Showing 1 – 20 of 17 Customer Reviews

  • Anonymous

    Posted November 18, 2009

    I Also Recommend:

    9780452287082 9781615557639

    Must Read Book to Understand Current Economic Situation

    This book is stellar in its actionable insight and content for readers who want to understand how we've all been "hoodwinked" by corporatocracy and how to change it for the better in the future.

    Fantastic book.

    4 out of 4 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Posted December 19, 2009

    Hoodwinked

    I was really amazed when reading this book that these things actually go on. OK, call me naive but the thought that our government and large corporations send businessmen (ie hitmen) to other countries with the sole intention of conning them into giving us their natural resources and going into debt just disgusts me.

    John Perkins really opens readers eyes to what's going on in the global market. He gives an insight into the global meltdown that many people haven't previously considered. He discusses how just a few large corporations own much of the capital, land and resources around the world and he talks about how these corporations influence and control our politicians.

    The second part of Hoodwinked talks about the solution to the problem. He discusses how we can create a healthy economy that encourages businesses to act responsibly and by doing this to create a more sustainable world.

    I think this is a really valuable book for people to read. It will truly open your eyes to the ways our government and corporations work and it will get you thinking about ways to fix capitalism. I do agree with John Perkins. I think capitalism can be fixed and I think it's a worthy system that deserves to be fixed.

    3 out of 3 people found this review helpful.

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  • Posted February 21, 2010

    New World Order

    Great grasp of the economic realities of why we are where we are. In my opinion, a bit utopian (unfortunately) in the suggested remedy which is supposed to fix everything. But, hey! At least he suggests a remedy. Guess we citizens should've worried more when Daddy Bush talked about the U.S. entering a "new world order" -- with the U.S.A. no longer in first place. I still believe in the functionality of Keynesian Economics and wonder why we ever left this economic philosophy. Too many citizens didn't take economics in college and believe everything that's fed them by media and politicians.

    2 out of 2 people found this review helpful.

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  • Posted January 5, 2010

    more from this reviewer

    I Also Recommend:

    9781601458032 9781576753958 9780786718238

    Corporate environmental and human abuses exposed for all to see!

    John Perkins is the proverbial thorn that continually pricks corporate irresponsibility and exposes it for all to see.

    Alex Carey years ago pointed out that the 20th century most likely will be remembered by historians for the growth of democracy, the growth of corporate power, and the growth of corporate propaganda to protect corporate power against democracy.

    Here is only a part of what Carey and now, John Perkins are telling us:

    Point 1: Under US law corporations are equal to individuals but individuals are not equal to corporations. Corporations are favored with tax laws that allow debt interest to be deducted from taxes. Individuals, as consumers, cannot deduct that interest.. The reasoning is businesses must profit in order to employ Americans.
    Point 2: An adjustment in Congressional thinking has not yet occurred even though Wall Street has repeatedly rewarded corporations for downsizing and moving jobs out of the US to lower wage countries. Where do these corporations think American consumers will get the money to buy their products if the jobs are no longer here?
    Point 3: Perkins points out that the World Bank and IMF have taken control, through debt service, of the environmental and economic conditions in underdeveloped countries. What good is it to have new roads, bridges, indoor plumbing, and air conditioning in a South American country where the people have no money and no jobs to pay for it?

    Perkins is a hero for revealing the truth. Read his books and you will know what to do!

    2 out of 2 people found this review helpful.

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