The Best Democracy Money Can Buy: An Investigative Reporter Exposes the Truth about Globalization, Corporate Cons, and High Finance Fraudsters [Hardcover]

Greg Palast (Author)

Book Description

ISBN-10: 0745318460 | ISBN-13: 978-0745318462 | Publication Date: February 15, 2002

Greg Palast digs deep to unearth the ugly facts that few reporters working anywhere in the world today have the courage or ability to cover. From East Timor to Waco, Karachi to Santiago, he has exposed some of the most egregious cases of political corruption, corporate fraud, and financial manipulation, globally. His uncanny investigative skills as well as his acerbic wit and no-holds-barred style have made him an anathema among magnates on four continents and a living legend among his colleagues and his devoted readership, worldwide. This exciting new collection brings together some of Palast's most powerful and influential writing of the past decade. His columns in the Observer have a cult following and he made headline news when he went undercover for the Observer to break open the 'Lobbygate' scandal of corruption inside the Blair Cabinet. Included here are his reports on that story, which earned him the distinction of being the first journalist ever to be personally attacked on the floor of Parliament by a prime minister; his celebrated Washington Post exposé on Jeb Bush and Katherine Harris's stealing of the presidential election in Florida, which made him "a legend and a hero on the Internet" (Alan Colmes / Fox Radio) when it ran in Salon.com; and recent stories on George W. Bush's pay-offs to corporate cronies, and the business-created 'energy crisis.' Also included in this volume are new and previously unpublished material, television transcripts, photographs, and letters.

Editorial Reviews

From Publishers Weekly

Muckraking has a long, storied tradition, and Palast is evidently proud to be part of it. In this polemical indictment of globalization and political corruption, Palast (a reporter with the BBC and London's Observer) updates the muckraking tradition with some 21st-century targets: the IMF, World Bank and WTO, plus oil treaties, energy concerns and corporate evildoers of all creeds. Some of Palast's reports are downright shocking (if familiar). He shows, for example, how the WTO prevents cheap AIDS drugs from reaching victims in Africa and how World Bank loan policies have crippled the economies of Tanzania and other developing countries. On the home front, he details Exxon's horrific safety record before the Valdez disaster and reveals the price-gouging by Texas power companies during the California energy crisis. In Britain, Palast exposes the "cash for access" policies of the Blair administration, and blasts the legal system for shielding Pfizer Pharmaceuticals from lawsuits by victims who had defective Pfizer valves installed in their hearts. These are all good, important stories. Most of them, however, have been published before. This book is essentially a collection of Palast's newspaper articles, hastily stitched together with some commentary and exposition. As such, it lacks cohesiveness and the depth his subjects deserve. In addition, Palast's bombastic style and one-sided perspective do much to undermine his own credibility. How seriously should readers take a journalist who labels former U.S. Treasury Secretary Larry Summers an "alien" and dismisses Wal-Mart shareholders as "Wal-Martians"? There is much of value here, but readers who want a full-bodied, serious analysis of how globalization is affecting developing countries or how corporate giants pay for political favors should look elsewhere.
Copyright 2002 Cahners Business Information, Inc.

Review

'The journalist I admire most. [Palast's] amazing work puts all the rest of us journalists to shame. I'm an avid reader of everything Palast writes - can never get enough of it.' --George Monbiot, The Guardian

 

'The information is a hand grenade.' --John Pilger

 

'Fucking brilliant brilliant.' --Mark Thomas

 

'The raw material is so good and the stories told with such brio.' --Larry Elliot, The Guardian Award-winning investigative journalist

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Product Details

• Hardcover: 224 pages
• Publisher: Pluto Press (February 15, 2002)
• Language: English
• ISBN-10: 0745318460
• ISBN-13: 978-0745318462
• Product Dimensions: 9 x 6.2 x 0.8 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (166 customer reviews)
• Amazon Best Sellers Rank: #657,684 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

252 of 274 people found the following review helpful:

5.0 out of 5 stars The Last Reporter, September 14, 2002

By 

Panopticonman "panopticonman" (Brooklyn, NY USA) - See all my reviews
(VINE VOICE)   

This review is from: The Best Democracy Money Can Buy: An Investigative Reporter Exposes the Truth about Globalization, Corporate Cons, and High Finance Fraudsters (Hardcover)

Greg Palast won't shut up. He won't shut up about how Jeb Bush and his lieutenant stole the election from Gore through a vicious manipulation of the voter rolls. He won't shut up about how cheaply Tony Blair's government can be bought. He won't shut up about how mainstream journalism is in thrall to the prevailing free market corporate ethos. He won't shut up about the Big Lie perpertreated by Milton Friedman and his gang that markets promote democracy, that markets are engines of viture. He shows with unshakable research that instead that instead of breeding virture and freedom, markets breed corruption, inequality, and through a politically moribund media, moral complacency.

The opening chapter on the high-tech mechanism that the Bush camp in Florida put in place before the elections in 2000 to expunge African-Americans from voter rolls is worth the price of the book. Palast tells us how Jeb's gang reinstated Jim Crow laws in the New South by hiring a database firm with strong ties to the Texas Republican party to compare lists of voters with lists of felons and purge names from the rolls that "matched" in only the most tenous ways. Roughly 60,000 voters, most of them Black (because the prison archipelago in the United States imprisons mostly Blacks) were stripped of the fundamental right of voting. Why take blacks off the rolls? Because, as Palast notes, better than 9 in 10 Blacks vote for Democrats. He personalizes these facts in the person of a Black minister who had met and broken bread with Jeb Bush on numerous occasions. The minister showed up to vote at his local precinct where he had been voting for over 20 years and discovered that his name had vanished from rolls. Palast goes into stunning detail on how the scam was perpertrated and shows conclusively that the Bush camp stacked the deck well before the election. Further, he proves even under these circumstances that Gore actually won in Florida.

Palast reported this high-tech lynching of Black voters rights in the Guardian (funded by public monies) before the actual election. No mainstream American media picked up on the story. When the Washington Post finally reported it, they did so months later under the cover of the Federal Election Commisions investigation into the manipulation of the election. Slate, to its credit, picked up on the story and helped with hard work of investigating the chicanery in Florida in the immediate aftermath of the elections, but as Palast notes, Slate is not the New York Times, or the Washington Post. He shows in lurid detail how the Republican power structure, including of course, the Supreme Court, swung into action under the guidance of James Baker and ended the counting on the basis of the flimsiest of legalistic doctrine. He depicts the almost comical ineptitude of a Democratic Party as it tries to take on the Repulicans. While the Democrats play by the Marquess of Queensbury rules, the Republicans play to win. Anti-nausea medicine is strongly recommended for this chapter.

Palast as a young activist attended lectures by Milton Friedman at the University of Chicago to better understand this radical restatement of Adam Smith's 18th century economic laws. In this regard Palast undoubtedly agrees with media historian Robert McChesney's analysis of Milton Friedman's faulty understand of democracy: "As Milton Friedman puts it in his seminal "Capitalism and Freedom," because profit-making is the essence of democracy (!), any government that puruses antimarket policies is being anit-democratic, no matter how much informed popular support they might enjoy. [Under this logic] Therefore it is best to restrict governments to the job of protecting private property and enforcing contracts, and to limit polictical debate to minor issues."

Palast is particularly angry at his peers in the media. At the same time he understands that they have very little freedom to report on anything that would pose a challenge to the values of the marketplace. He notes that it is only because the Guardian and the BBC is publicly funded can he explore venality and corruption in government and business. And by the way, he takes on the left as well as the right. His chapter on Tony Blair's government and how cheaply it can be bought demonstrates that the influence of corporate money has become so pervasive that even so-called Liberals must feed at the trough in order to fund their expensive media campaigns. The Clintonites hated him, too.

But Palast's work is invigorating, not demobilizing. The news he reports doesn't invite fatalistic acceptance of a corrupt system, rather it invites activism. This is probably why he is feared on both sides of the aisle. Someday, he just might get people mad enough to do more than just stand up and say I'm not going to take it anymore, but to take the next step and take back their governments from the cynical oligarchy which equates speech with money, which believes that suffrage should be defined as one dollar, one vote instead of one person, one vote.

189 of 207 people found the following review helpful:

5.0 out of 5 stars How Florida Profiled Blacks and Stole the 2000 Election, March 6, 2002

By 

Subarachi (Seattle, WA) - See all my reviews

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This review is from: The Best Democracy Money Can Buy: An Investigative Reporter Exposes the Truth about Globalization, Corporate Cons, and High Finance Fraudsters (Hardcover)

In a time when fiduciary responsibilities and concern for stockholders have reduced most American newsrooms to ghost towns populated only by cut and paste journalists, Greg Palast, an American working for the Observer in London, still does what reporters used to do. He digs through the evidence, particularly the emails, the government records and the financial reports to get the hard evidence.

His evidence on the 2000 Florida Presidential election voting process is both astonishing and terribly troubling.

Palast also offers clear documentary evidence that Blacks were racially profiled to be eliminated from voter rolls by Florida's voter/felon purge. Essentially, at the behest of Katherine Harris, under Jeb Bush's close watch, Florida systematically and intentionally denied voting rights to approximately 90,000 voters whose right to vote in Florida was legally unquestionable--and over 54% of them were Black. Since Florida Blacks voted 93% for Al Gore, Palast's remarkably detailed book makes it perfectly evident that illegally purged Black votes prevented Florida from voting overwhelmingly for Al Gore and giving Gore the presidency.

Palast also demonstrates that the issue is not one of Black incompetence. Voting machines were set to accept double voted, and therefore uncountable, ballots in Black districts, while they were set to reject double voted ballots in White districts, so Whites could recast their ballots. In other counties with heavily Black populations, the automatic protection systems which reject double voted ballots were simply turned off to "reduce costs."

So while Bush "won" the presidency on a 5-4 Supreme Court vote which said, essentially, that Americans don't have the Constitutional right to vote for the President, something far more sacred was lost in the Florida voting process--the right of every eligible, adult American to have his or her vote counted and to have that vote determine who will lead our country.

68 of 72 people found the following review helpful:

5.0 out of 5 stars One of the Best Books Money Can Buy, April 3, 2003

By 

C. Colt "It Just Doesn't Matter" (San Francisco, CA United States) - See all my reviews
(REAL NAME)   

This review is from: The Best Democracy Money Can Buy: The Truth About Corporate Cons, Globalization and High-Finance Fraudsters (Paperback)

"The Best Democracy Money Can Buy" is a must read for anyone-conservative or liberal-who wants to get a different perspective on what is happening in the world than the one that is consistently portrayed by the consolidated corporate media. While the controversial title of this book implies a liberal critique of Western values and institutions, it actually accomplishes something very different. Veteran investigative reporter, Greg Palast publishes some of the news stories that the consolidated corporate media refuses to report. While some may blanch at the targets of Palast's investigations, which include corrupt politicians, crooked companies, world finance organizations, and the consolidated corporate media, few can deny the accuracy and integrity of his reports. Palast is an independent reporter who originally specialized in racketeering investigations. His methods include scrupulously studying corporate documents, and examining the testimony of whistleblowers, many of whom approach him personally out of disgust toward their parent organizations. Palast does not work for a for-profit media company and is not beholden to corporate interests. This makes him one of the few honest voices in public life.

Chief among Palast's exposés is the illegal manner in which Florida Secretary of State, Kathleen Harris, and Governor Jeb Bush illegally denied tens of thousands of African American citizens their right to vote in the 2000 presidential election in Florida. Palast details the methods used by Bush and Harris to exclude eligible African American from voting such as manipulating database records to wrongfully categorize thousands of African Americans as felons, or wrongfully claiming that convicted felons who has completed their sentences in other states could not vote in Florida.

Palast also exposes the presidential instructions from the Clinton and Bush (Jr.) administrations that forced dedicated FBI agents to ignore any leads to Saudi terrorists that implicated the Saudi royal family, or people from that region with influential ties to the U.S. government. When it came to investigating Saudi terrorist links, according to Palast, under Clinton investigators were ordered to turn a blind eye, while under bush they were ordered to shut both eyes. While both Clinton and Bush were concerned about alienating a key American ally in the Middle East, Palast demonstrates, that the latter took more excessive steps to suppress the investigation of Saudi terrorists, since many of them had tentative links to his own family business, including those who invested in his first oil company, Arbusto, and those-mainly members of the Bin Laden family-who sat with his father (the first President Bush) on the board of the Carlysle Group. Palast does not believe George W. Bush was complicit in the attacks of September 11th, but he argues that had Clinton and Bush Jr. not interfered in FBI anti-terrorist investigations, the attacks of September 11th might well have been prevented.

The most heartbreaking chapter of this book is the one that details how the IMF, the WTO, and the World Bank work in concert to systematically destroy vulnerable countries. In nation after nation, Palast details the insidious four-step program these organizations employ ostensibly to provide aid to economically beleaguered nations, when in fact the opposite occurs. In the first step, on condition of providing aid, these organizations demand that countries privatize public infrastructure components such gas, electricity, and water. In the second step, powerful banks buy up the infrastructure components and immediately make them "more efficient" by laying off the bulk of their workers. In the third step, the financiers drastically raise the cost basic materials such as water to an unaffordable level. In the third step, riots predictably occur to protest unaffordable costs of basic living material, and in the fourth step, this becomes an excuse for capital flight, which in turn severely devalues these privatized components. The end result, according to Palast is a few banks and companies get richer from being handed a cost free monopoly that they can squeeze and then discard, while countries that once had a sustainable way of life are rendered destitute.

There are, of course some exceptions to this unhappy process. Botswana, for example, simply rejected the IMF altogether. When Venezuelan president Hugo Chavez, did the same thing, according to Palast, he faced an American sponsored coup that was reinforced by false or nonexistent coverage in the American consolidated corporate media.

What might astound most readers is that predatory acts of privatization in the name of progress are not limited to vulnerable third world nations. In fact, corporate and financial moguls have preyed upon Europe and the United States with mixed results. When privatization of public water works sent prices up several hundred percent in Britain, the citizens of that country simply paid their bills. In San Diego California, however, consumers simply refused to pay their drastically marked up electric bills after that utility was deregulated. Instead, they effectively boycotted their own robbery by paying bills at the old rate and organizing a political movement around the process. Unlike Ecuador, where people were shot and beaten for protesting drastic hikes in the price of drinking water, San Diegans successfully opposed the scheme.

The implied conclusion of Palast's research, as noted in the ironic title, is that America and global capitalism are hardly democratic. Their behavior, according to Palast's example is frighteningly similar to that of a loan shark. No matter what they give you, they will always wind up extracting more than you can possibly return. As a result we may be on the verge of experiencing an odd form of historical determinism: the decent from capitalism, back to feudalism.

Be warned that much of that material in this book is depressing, as Palast readily acknowledges. But along side the corruption and abuses chronicled here are the stories of countless individuals who either oppose such practices or who covertly assist those who do so. At the end of the book Palast provides numerous resources for anyone who wants to help oppose predatory institutional practices in their communities or other parts of the world.