What is an economic hit man?

Answer 1

There's a book of the same name "Confessions of an Economic HItman"

It explains the career of John Perkins. He worked as an economic consultant to a mid-sized firm that worked hand in hand with the US government in the 60's 70s 80s.

He explains how the system of economic control of underdeveloped countries work.

Something like this...
During the Cold War the US would approach a country's leaders to get them on their side of the Cold War camp. A consultant firm (like the one John Perkins belonged to) would go to the country and draw up plans for development of their resources/economy. They would fudge figures and recommend building dams, power plants, mines etc. Usually these plans would have no comprehensive reasons to be, but it looked good on paper.

They then would go the the World Bank, IMF and get loans to build these infrastructures. The work would be mainly contracted out to foreign (US or European) companies which would take great profits in construction, while giving kickbacks to the governments in charge.

In the end, outside of ruling elites, the people of the country benefited little, the foreign corporations benefitted greatly and the country would be saddled with the debt owed to taxpayers of
developed countries. In a way it allowed large corporations to get rich off of taxes of 1st world countries.

In the case of LDC (less developed countries) leaders not going along with the plans of development, Perkins explains that if he (the economic hitman) failed to reel the country in, the 'jackals' (CIA et al) would arrange for that leader to be removed. If the 'jackals' failed, the 'boots' (foreign military.. ie invasion) would likely occurred.

So basically, an economic hit man was the first step in making a non-aligned underdeveloped country align itself to democratic developed nations and become chained in debt it couldn't afford.

Read the book (very good read) if you want more info.

Peace

Answer 2

George Bush

Answer 3

Gee Cristabelle, so an Economic Hit-Man gives away trillions of dollars of free money to countries that he knows will never repay him? I didn't know hit-men were so generous.

Answer 4

A collection agency pro
or
A professional "hit man" who cheats countries around the globe out of trillions of dollars by loaning them money they can't afford to repay.

Sound familiar? Don't creditors do that by charging 24% interest on loans? Think about it.

Answer 5

Read an article that explains it far better than I could state it. See the link below.