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We used many techniques, but probably the most common is that we will go to a country that has resources that our corporations covet- like oil- and we will arrange a huge loan to that country from an organization like the World Bank or one of its sisters. But almost all of the money goes to U.S. corporations, not to the country itself, corporations like Bechtel and Halliburton, General Motors, General Electric, these types of organizations, and they build huge infrastructure projects in the country- power plants, highways, ports, industrial parks- things that serve the very rich and seldom even reach the poor.
In fact the poor suffer because the loans have to be repaid, and they are huge loans, and the repayment of them means that poor won’t get education, health, and other social services and the country is left holding a huge debt, by intention. We go back, we economic hitmen, to this country and say, “Look, you owe us a lot of money. You can’t repay your debts, so give us a pound of flesh”. (en) |
