Who would believe that on top of Freakonomics, Confessions of an Economic Hit Man also made it to the NYT bestselling list!
I have never read the book, but I have read a few write-ups of those who did. His thesis strikes me as nothing but a rehash of the first world exploiting the third world kind of theory. What surprises me is a lot of those reviews that I read, however, tend to give a big thumbs up to the book. Until now that is.
The author of the World's Banker, Washington Post columnist S Mallaby on Monday wrote "
The world, says Perkins, is governed by a shadowy "corporatocracy," an invisible empire of wealth and greed that deploys a combination of bribes, assassins and seductive women to enslave the poorest countries... his account of international finance is itself largely a dream...Even if you believe the stories of seducers and assassins, which other journalists have questioned, Perkins's basic contentions are flat wrong."
Read the whole story here.