Hitting the Economic Hitmen At the Time of Global Heating
Hitting the Economic Hitmen At the Time of Global Heating Hitting the Economic Hitmen At the Time of Global Heating Posted on 18th January, 2025 (GMT 09:55 hrs) DEBAPRASAD BANDYOPADHYAY ⤡ AKHAR BANDYOPADHYAY ⤡ ABSTRACT The article discusses the role of economic hitmen, as outlined by John Perkins, Eric Toussaint and other theorists, in manipulating developing nations for financial gain. These individuals exploit countries through excessive loans, leading to debt traps and policies favoring multinational corporations. The piece connects these actions to global economic institutions like the World Bank, IMF, and WTO, highlighting their influence in shaping neo-colonial economic systems. It also examines India’s neoliberal policies since the 1990s, citing key figures who facilitated these strategies. I. The Extortionist Trio and “Economic Hitmen” Toussaint’s (2007) book, The World Bank: A Never Ending Coup D’état , showed the World Bank’s role in global economic “developme...