June 23, 2014
We join Greg Hunter as he goes one-on-one with John Perkins, best-selling author of “Confessions of an Economic Hit Man.”
Financial expert, John Perkins has a unique perspective about the unfolding crisis in Iraq.
Perkins, a former chief economist who advised the US Treasury Department and the IMF, to name a few, says, “Another force has now stepped up to the stage and that’s the militant Islamic force, and it’s a very strong force. It is a very anti-capitalistic force.” While not defending them, he does state that, “It is the force going up against the corporatocracy.”
Perkins explains that the corporatocracy is a “Death Economy,” where war or the threat of war don’t only benefit the defense
contractors but so many other corporations, such as the insurance companies and the oil companies and on and on and that the only way to release ourselves from this death grip is to change the economic model by which we live today, into a “Life Economy”: cleaning up our messes, developing alternative energies and innovations in agriculture and leaving a world to our grandchildren that’s worth living in.
His answer to the collapsing world economy is to invest in companies that are making the world a better place and
to be less concerned with profit than with a world that his grandson can be grateful for, by investing in companies big and small, that are taking a leadership role in a new form of economics, which is the subject of his latest book, ‘Hoodwinked: An Economic Hit Man Reveals Why the Global Economy IMPLODED — and How to Fix It.’