Empire Building US-Style

Apologies of an Economic Hitman

Directed by Stelios Kouloglou (2008)

Film Review

This is a very intriguing Greek documentary about John Perkins, author of the 2004 book Confessions of an Economic Hitman. In the film, Perkins summarizes his recruitment by the NSA to work as an “economic hitman.” Despite his close affiliation to US intelligence, he was technically under the employ of a private engineering company called Charles T Main Inc. It was his role to approach third world presidents with bribes to accept World Bank loans for massive infrastructure projects – which were usually built by major US companies such as Bechtel and Halliburton.

This was done with the deliberate intention of saddling the third world countries with debt they couldn’t repay. Their only option would be to seek refinancing from the International Monetary Fund (IMF), which usually demanded they slash public services and open up their resources to further exploitation by Wall Street interests .

As Perkins describes it, this was the strategy of choice (as opposed to direct military intervention) for expanding US empire between 1945-2000. Any third world leader who refused to play ball was openly threatened with assassination. The first step in dealing with a recalcitrant leader was to send in the “jackals,” CIA officers and contractors who would try to instigate a military coup. If this failed, US intelligence would send in an assassination team. If this also failed, they would fall back on military invasion and occupation (always a last resort).

The film zeroes in on the assassination (via plane crash) of Ecuadorian president Jaime Roldós Aguilera and Panamanian president Omar Torrijos in 1981. It also provides interesting background to the US invasion of Iraq, following Saddam Hussein’s rejection of a massive Bechtel oil pipeline project.

I was previously unaware of the CIA effort to instigate a military coup against Saddam in 1996. The CIA discarded the option of assassinating him because he had too many doubles. Even his own bodyguards never knew if they were guarding the real Saddam.