Blowback: The 1997 East Asian Financial Crisis

When I picked up Chalmers Johnson’s Blowback: The Costs and Consequences of American Empire what I was expecting was an elaboration of the term ‘blowback’ and some examples of the negative consequences of US military operations.  What I got was much more.  The book shines when it dies into financial machinations centered in the East Asian pacific region, blending gruesome stories of what goes on in US military bases with complex currency manipulations designed to keep those countries from growing too strong economically.  Written before the events of September 11th, 2001 and the subsequent war on terror the book lets us see the workings of US imperialism from a less spectacular era.  The Cold War having been won and US global dominance assured, the full power of dollar diplomacy and economic intervention is brought to the fore.

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