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marble falls

(71,919 posts)
35. From Wikipedia:
Thu Jan 24, 2013, 10:02 AM
Jan 2013

Controversy and criticism

Columnist Sebastian Mallaby of the Washington Post reacted sharply to Perkins' book[3]: "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong."[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000 Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)

Other sources, including articles in the New York Times and Boston Magazine as well as a press release issued by the United States Department of State, have referred to a lack of documentary or testimonial evidence to corroborate the claim that the NSA was involved in his hiring to Chas T. Main. In addition, the author of the State Department release states that the NSA "is a cryptological (codemaking and codebreaking) organization, not an economic organization" and that its missions do not involve "anything remotely resembling placing economists at private companies in order to increase the debt of foreign countries."[7] Economic historian Niall Ferguson writes in his book The Ascent of Money that Perkins's contention that the leaders of Ecuador (President Jaime Roldós Aguilera) and Panama (General Omar Torrijos) were assassinated by US agents for opposing the interests of the owners of their countries' foreign debt "seems a little odd" in light of the fact that in the 1970s the amount of money that the US had lent to Ecuador and Panama accounted for less than 0.4% of the total US grants and loans, while in 1990 the exports from the US to those countries accounted for approximately 0.4% of the total US exports (approximately $8 billion). According to Ferguson, those "do not seem like figures worth killing for."[8]

The World Bank has certainly loaded 3rd world country with disastrous debt that has destabilized these countries to large part. I argue that these were unintended consequences that were exploited by private equity firms and commodities speculators and not the planned strategies of the NSA, let alone the CIA. And it they had been planned, the President and Congress would have authored it.

Recommendations

0 members have recommended this reply (displayed in chronological order):

The belief that executing someone will make your society better Piazza Riforma Jan 2013 #1
not so. the belief is that the executed person will not quadrature Jan 2013 #11
Personally I oppose capital punishment for all crimes Piazza Riforma Jan 2013 #17
If it was a diplomat or CIA dotymed Jan 2013 #2
Ummm, OK... elias7 Jan 2013 #3
Diplomats are usually granted immunity Art_from_Ark Jan 2013 #4
How much of a 'threat' are drug smuggling ambassadors? marble falls Jan 2013 #5
No more or less a threat than any drug mule ... JustABozoOnThisBus Jan 2013 #7
True and the reason is that it protects all countries diplomats from harrasment karynnj Jan 2013 #8
Of course, diplomats aren't subject to searches at customs inspections Art_from_Ark Jan 2013 #9
It is insulting that you think that means that they would risk the disgrace karynnj Jan 2013 #10
Yes I am. dotymed Jan 2013 #19
then provide links, honey. You seem to think diplomatic immunity shouldn't exist. cali Jan 2013 #34
As my wife spent 30 years with CIA, I find your situational ethics as troubling as that of any ... marble falls Jan 2013 #6
I would find the situational ethics of the CIA even more troubling Tom Ripley Jan 2013 #12
Ducking your foibles and responsibilities by casting aspersions on others you know nothing about? marble falls Jan 2013 #14
I am not casting aspertions on your wife, but the CIA as an insitution has a decidedly... Tom Ripley Jan 2013 #32
There is ample accusation and precious little to show for it. Have there been turncoats and .... marble falls Jan 2013 #33
Drug dealers are scumbags, give "grams" a few years in a shitty prison, she deserves it. toby jo Jan 2013 #13
Its not the CIA, its everybody willing to use the excuse of "they're worse" for their own irrational marble falls Jan 2013 #15
I didn't open this thread expecting to comment about the CIA DisgustipatedinCA Jan 2013 #16
What do you know of "murderous fucks"? You know nothing. How dare you make such slanderous and ..... marble falls Jan 2013 #18
DisgustedinCa dotymed Jan 2013 #21
Post removed Post removed Jan 2013 #23
Don't let the facts interfere with your misconceptions, ace. The CIA did nothing on its own .... marble falls Jan 2013 #24
Hey Marble... dotymed Jan 2013 #22
From Wikipedia: marble falls Jan 2013 #35
You think the death penalty for drug smuggling is OK? muriel_volestrangler Jan 2013 #27
Really? Maybe you should google CIA drug smuggling. dotymed Jan 2013 #20
Who smuggles in your drugs? Maybe you'd like to point out sources other than conspiracy nuts. Show.. marble falls Jan 2013 #25
CIA involvement in drug smuggling has been well-documented. Comrade Grumpy Jan 2013 #26
No proof, lots of conjecture. Thankyou, however, for your civil responses. marble falls Jan 2013 #28
The proof is out there. You just have to read it. Comrade Grumpy Jan 2013 #29
No doubt, spycraft has been around for a long time. My personal feeling about Luciano ... marble falls Jan 2013 #30
Bali drugs: Death sentence for Briton Lindsay Sandiford Auzziegob Jan 2013 #31
Latest Discussions»Latest Breaking News»Bali drugs: Death sentenc...»Reply #35