"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.