A follow on to February’s article, “You feeling lucky, captain of industry, punk”: Here’s a wonderful little animation dramatizing a two-minute “elevator speech” about the exponential damage inflicted by transnational, corporate capitalism from John Perkins, a former consulting economist for big boys the World Bank, IMF and others.
Perkins is now working for global sustainability and economic justice. He’s the author of NYT bestseller, “Confessions of an Economic Hit Man,” which reports the workings of said system in ‘insider detail.’ There have been criticisms that the book is short on supporting data, or paints with a broad and misleading brush. In the interest of fairness, Settle Down Radio must disclose that we have not read said book (merely liked and appreciated the candor of the video), but that we find it amusing that one of the more vituperative criticisms, from UK columnist Sebastian Mallaby (biographer of former World Bank President James Wolfensohn), notes that Perkins is a “frothing conspiracy theorist, a vainglorious peddler of nonsense,” citing alternative data and “disput[ing] 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.”
So, nearly one-third but not one-half of the top 100 world economies are essentially in the pocket of global corporate businesses? Oh, well, we guess that’s OK then.