Corporate Empire Created Failed Global Economic System-John Perkins

44By Greg Hunter’s 

John Perkins, best-selling author of “Confessions of an Economic Hit Man,” says corporations, not governments, run the world.  Perkins explains, “We are in a world situation unlike anybody has ever known before.  We have a global corporate empire.  It’s a corporate empire and not a United States empire.  It’s the first time in history it’s really not a national empire.  It’s the corporatocracy, the heads of corporations, which control everything in the world.  This is not a conspiracy theory.  The corporations don’t get together and confer with each other secretly, but they are all driven by one motive, which is to maximize profits regardless of the social and environmental costs.  Let’s face it, the economy of China, the economy of Russia and the economy of the United States is very dependent on these big corporations.  China has done a lot to create its own economic growth, but it could not have happened without the big multinationals.  So, they play an incredibly important roll today; and, in fact, this has created a failed global economic system.  Just one statistic that is really telling is less than 5% of us live in the United States and we consume almost 30% of the world’s resources, while half the world is starving or on the verge of starvation.  That is not a model.  China can’t do that.  Russia can’t do that.  Africa can’t do that.  You can’t repeat that, but they are trying to repeat it . . . but they can’t.”

Where does the crisis in Iraq fit in?  Perkins, a former chief economist who advised the U.S. 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.  So, it is the force going up against the corporatocracy.  Even though Russia, China and the United States compete on many levels as they are doing in Ukraine and other places, they have a common enemy, which is this Islamic regime that wants to overthrow the corporatocracy.  I am not talking about all Islamic people by any means; I am talking about the radical Islamic militant groups like ISIS that is coming into strength in the Middle East right now.”  Perkins goes on to say, “Now, what’s happening suddenly in Iraq, Syria, Iran and the whole Middle East is exploding once again.  I think Middle East oil is not nearly as important as a few years ago.  There are other alternatives now.  Having said that, the oil companies will use what’s going on in the Middle East to jack up prices as high as they think they can and blame what is going on there for that.”  Perkins adds, “They’ll also use thatto convince all of us that we should be fracking, using tar sands, building these pipelines that are being so strongly opposed across Canada and across the United States.  What’s going on in the Middle East will be used as a leverage point to further these projects that are so strongly opposed by a lot of environmentalists.”  Perkins gives “at least a 60%” chance that oil is going to $150 to $200 a barrel.

On the Ukraine crisis, Perkins says, “After the demise of the Soviet Union in 1991, the United States was the only super power in the world.  But rather than using that as a real launching pad to do great things in the world, we exploited people.  Again, it wasn’t so much the United States, but they used the United States and the United States went along.  Let’s face it; nobody gets elected in the Unites States without huge corporate support.  It’s not Obama’s fault.  He wouldn’t have gotten elected if he hadn’t taken that support, and then he becomes a servant to the corporations.  They have reacted very, very badly including in the former Soviet Union countries.  The corporatocracy, the United States, allied with much of Europe and tried desperately to embrace these countries and bring them into our sphere of influence primarily for the corporations.  Russia has taken exception to this . . . so, I think we made some classic errors there.” Join Greg Hunter as he goes One-on-One with best-selling author John Perkins.

(There is much more in the video interview.)

After the Interview:

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