THE WISDOM FUND: News & Views
November 11, 2009
The Wisdom Fund

Hoodwinked

An economic hit man reveals why the world financial markets imploded, and what we need to do to remake them

Broadway Business -- John Perkins has seen the signs of today's economic meltdown before. The subprime mortgage fiascos, the banking industry collapse, the rising tide of unemployment, the shuttering of small businesses across the landscape are all too familiar symptoms of a far greater disease. In his former life as an economic hit man, he was on the front lines both as an observer and a perpetrator of events, once confined only to the third world, that have now sent the United States - and in fact the entire planet - spiraling toward disaster.

Here, Perkins pulls back the curtain on the real cause of the current global financial meltdown. He shows how we've been hoodwinked by the CEOs who run the corporatocracy - those few corporations that control the vast amounts of capital, land, and resources around the globe - and the politicians they manipulate. These corporate fat cats, Perkins explains, have sold us all on what he calls predatory capitalism, a misguided form of geopolitics and capitalism that encourages a widespread exploitation of the many to benefit a small number of the already very wealthy. Their arrogance, gluttony, and mismanagement have brought us to this perilous edge. The solution is not a "return to normal."

But there is a way out. . . .

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Book Review: "The Family: The Secret Fundamentalism at the Heart of American Power," The Wisdom Fund, May 25, 2009

VIDEO: "Hoodwinked: Former Economic Hit Man John Perkins Reveals Why the World Financial Markets Imploded, and How to Remake Them," DemocracyNow!, November 10, 2009

"Filmmaker Philippe Diaz on 'The End of Poverty'?," DemocracyNow!, November 10, 2009

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