NY Times Bestselling author of Economic Hitman, John Perkins, explains in excerpts from his new book, Hoodwinked: An Economic Hitman Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them, that the US lives under a corporatocracy, with US policy captured to serve corporate profits rather than the public good.
This captured regulatory function of government is evident in US taxpayer transfers of TRILLIONS of our dollars to corporate elites in the last year alone. Goldman Sachs has deep connections throughout the US Treasury Department. Chair of the House Oversight Panel for the so-called bailout, Harvard’s Elizabeth Warren, calls our economic policy rewarding reckless gambling by giving taxpayers’ trillions back to the gamblers without asking where the money was going. The US Senate reported banks are the new Enron in creating profits for themselves through trading that produces only higher prices for Americans. The economic statistics we do get are manipulated to make our economy appear more productive than it really is. Among the top few global forecasters, Gerald Celente, calls our corporate/government collusion as mafia-style theft that rapes taxpayers and is evident to anyone with eyes to see.