John Perkins wrote about it in his book Confessions of an Economic Hitman. you can hear the audio version of it unabridged on YouTube. Following is what GPT said about John Perkins remarks on the subject.
John Perkins, in his book Confessions of an Economic Hitman, discussed USAID (United States Agency for International Development) as part of a broader system used to exert economic and political influence over developing countries. He claimed that USAID, along with institutions like the World Bank and the International Monetary Fund (IMF), was often used as a tool to push countries into taking on large debts for infrastructure projects. These projects, he argued, primarily benefited American corporations and created financial dependence, allowing the U.S. government to exert control over the policies of these nations.
Perkins suggested that economic hitmen like himself worked to convince foreign leaders to accept these loans, knowing that their countries would struggle to repay them. When nations couldn't meet their debt obligations, the U.S. could then leverage economic pressure to gain political or strategic concessions, such as access to natural resources or military cooperation.
His perspective remains controversial, with critics arguing that USAID's mission is primarily humanitarian and development-focused, while supporters of his work believe he exposed a hidden mechanism of economic manipulation.
I have been screaming about USAID for years and now it’s front and center. This is awesome!!!!
John Perkins wrote about it in his book Confessions of an Economic Hitman. you can hear the audio version of it unabridged on YouTube. Following is what GPT said about John Perkins remarks on the subject.
John Perkins, in his book Confessions of an Economic Hitman, discussed USAID (United States Agency for International Development) as part of a broader system used to exert economic and political influence over developing countries. He claimed that USAID, along with institutions like the World Bank and the International Monetary Fund (IMF), was often used as a tool to push countries into taking on large debts for infrastructure projects. These projects, he argued, primarily benefited American corporations and created financial dependence, allowing the U.S. government to exert control over the policies of these nations.
Perkins suggested that economic hitmen like himself worked to convince foreign leaders to accept these loans, knowing that their countries would struggle to repay them. When nations couldn't meet their debt obligations, the U.S. could then leverage economic pressure to gain political or strategic concessions, such as access to natural resources or military cooperation.
His perspective remains controversial, with critics arguing that USAID's mission is primarily humanitarian and development-focused, while supporters of his work believe he exposed a hidden mechanism of economic manipulation.