Tuesday, August 27, 2013

The Strong-Arm U.S. Corporate Empire

I had forgotten that crony statism (crony capitalism/corporatism/"corptocracy") of U.S. corporations extends so much beyond our borders. Everyone knew that Halliburton was screwing the U.S. government in Iraq, but I was not aware of the extent our corporations were screwing foreign nations with World Bank help and threats to and "regime change" in foreign lands.

I was reminded of the extent that U.S. corporations and the U.S. government go to secure economic power abroad, when the CIA finally officially confirmed the truth that it was instrumental in the overthrow of democratically-elected Mossadegh in 1950s Iran.

Speaking Freely: Vol. 1: John Perkins is a documentary that is a good primer or refresher on the topic. Though it doesn't offer up any strong solutions, it does offer another very convincing example of how crony statism is destroying economies.


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