Part 2/9:
In his book, Perkins recounts how he, alongside his economic colleagues, advised nations to accept loans for expansive infrastructure projects that they could never realistically repay. This act was often justified under the guise of assisting development—but in reality, it left successive generations of citizens burdened with unmanageable debt. Perkins implies that these financial chains facilitated the extraction of natural resources under the guise of improving the countries’ economic situations.