Tuesday, January 7, 2020

The Environmental Disaster produced By Chevron Texaco Corp

 
On May 7, 2003 a group of Americal Lawyers representing more that thirty thousand indigenous Ecuadorian people filled a $1 billion lawsuit against Chevron Texaco Corp. The suit asserts that between 1971- 1992 the oil gigant dumped into open holes and rivers over four million gallons per day of toxic wastewater contaminated with oil, heavy metals, and carcinogens and that the company left behind nearly 350 uncovered waste pits that continue to kill both people and animals.

In 1968 Texaco had only just discovered petroleum in Ecuadorian Amazon Region. Today oild accounts fro nearly half of the country's exports. A trans Andean pipeline built shortly after has since leaked over half million barrels of oil into the fragile rain forest more that twice the amount spilled by the Exxon Valdez.  Today the new $1.3 billion three hundred mile pipeline constructed by an EHM (Economic Hit Man) organized consortium promisses to make Ecuador one of the world's top ten oil suppliers of the United States.

The system of the environmental destruction is fuelled by something far more dangerous than conspiracy. It is driven not by a small band of men but by a concept that become accepted as gospel the idea that all economic growth benefits humankind and that the greater the growth the more widespread the benefits.
The concept is of course erroneous. We know that in many countries economic grow benefits only a small portion of population and may in fact result in increasingly desperate circumstances for the majority.

The corporatocracy is not a conspiracy but its members do endorse common values and goals. One of corporatocracy's most important functions is to perpetuate and continually expand and strengthen the system.
How is done?

EHM ( Economic Hit Mans) provide favors. These take the form of loans to develop infrastructure, electric generating plants, highways, ports airports or industrial parks. A condition of such loans is that engineering and construction companies from United States myst build these projects, In essence most money never leave United States. It is simple transferred from banking offices in Washington to engineering offices in New York Huston or San Francisco.

Despite the fact that the money is returned almost immediately to corporations that are members of corporatocracy the creditor, the recipient country is required to pay it all back principal and interest.


If EHM ( Economic Hit Man) is successful, the loan is so large that the debtor is forced to default.on its payments after few years. When this happen then EHM demand control over the United Nations votes, the installation of military bases or and access to precious resources such as oil, or the Panama Canal, or the forest resources in case of Romania. Of course the debtor still owes the moeny and another country is added to the global empire.

This is extras from  the book ' Confessions of and Economic Hit Man" by John Perkins
This guy was such an Economic Hit Man.

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