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John Perkins +
<font face="{{{font}}}">“My job was … <font face="{{{font}}}">“My job was to convince heads of state of countries with resources our corporations covet, like oil, to accept huge loans from the [[World Bank]] and its sister organizations. The stipulation was that these loans would be used to hire our engineering and construction companies, such as [[Bechtel]], [[Halliburton]], and [[Stone and Webster]], to build electric power systems, ports, airports, highways and other infrastructure projects that would bring large profits to those companies and also benefit a few wealthy families in the country, the ones that owned the industries and commercial establishments. Everyone else in the country would suffer because funds were diverted from [[education]], [[healthcare]] and other social services to pay interest on the [[debt]]. In the end, when the country could not buy down the principal, we would go back and, with the help of the [[International Monetary Fund]] (IMF), “restructure” the loans. This included demands that the country sell its [[resources]] cheap to our [[corporations]] with minimal environmental and social regulations and that it [[privatize]] its utility companies and other public service businesses and offer them to our companies at cut-rate prices.”offer them to our companies at cut-rate prices.” +
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