Hoodwinked: An Economic Hit Man Reveals Why the Global Economy IMPLODED -- and How to Fix It Review

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Hoodwinked: An Economic Hit Man Reveals Why the Global Economy IMPLODED -- and How to Fix It ReviewAlthough I am a longtime political and news junkie, it is not possible for me to accurately determine the truth of all the claims that are made in this book. However, I do know a great deal of history and have some knowledge of economics so I can reach conclusions on many of the claims. Where I am able, I can confirm the accuracy of what Perkins puts forward.
Perkins is a self-proclaimed former "economic hit man" (EHM), a person whose job is to convince people to accept his economic claims to the long-term detriment of their country or organization. He describes some of the tactics used to press a form of economic imperialism on other countries, where their leaders are pressed to accept loans, allow multi-national corporations to enter the country and engage in rapacious development and describes the consequences if the leaders try to assert independence.
Perkins also goes into detail and explains how similar tactics have been applied in the United States, where there is the increasing consequence of wealth being concentrated in a smaller and smaller economic elite. He has very harsh words for some of the most praised business leaders, especially for the often-praised Jack Welch and Sam Walton, former CEO of General Electric and founder of Wal-Mart respectively.
This is a book that will simultaneously anger and depress you, the anger will be generated from the knowledge that the United States is more and more being governed by the equivalent of a corporate theocracy where the basis of the religion is the ruthless acquisition of wealth. Since the odds are approximately four to one that you are a victim of this movement and your real earnings have declined as a consequence, frustration and depression are a natural consequence of reading about how it has happened.
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