Profits of Doom: How Vulture Capitalism is Swallowing the World

Description

Vulture capitalism has seen the corporation become more powerful than the state, and yet its work is often done by stealth, supported by political and media elites. The result is privatised wars and outsourced detention centres, mining companies pillaging precious land in developing countries and struggling nations invaded by NGOs and the corporate dollar. Best-selling journalist Antony Loewenstein travels to Afghanistan, Pakistan, Haiti, Papua New Guinea and across Australia to witness the reality of this largely hidden world of privatised detention centres, outsourced aid, destructive resource wars and militarized private security. Who is involved and why? Can it be stopped? What are the alternatives in a globalised world? Profits of Doom challenges the fundamentals of our unsustainable way of life and the money-making imperatives driving it. CONTENTS Introduction 1   Curtin Immigration Detention Centre—Cash for Care 2   Christmas Island—Incarceration in the Indian Ocean 3   James Price Point—Boom or Bust? 4   Papua New Guinea—The Resource Curse 5   Afghanistan and Pakistan—The War Economy 6   Haiti—Open for Business Postscript Acknowledgements Bibliography Notes Index