Edward Snowden's dramatic NSA revelations are only the tip of an iceberg that threatens to sink the Constitution.
* Written by the executive director of one of the organizations representing Edward Snowden in the United States
* Warns that government-corporate "cooperation" in gathering intelligence has fueled an enormous erosion of our civil liberties
* Links the blurring of lines between government and business with the failure to prosecute those responsible for the 2008 economic collapse
Edward Snowden's dramatic NSA revelations are only the tip of an iceberg that threatens to sink the Constitution. As Beatrice Edwards reveals, a host of government agencies are rendering our Bill of Rights meaningless by heavy surveillance of average citizens, political persecution of dissenters, and the threat of indefinite detention now codified into law. Corporations assist and reap handsome profits as a result-70 percent of the $56.2 billion US intelligence budget is paid to private contractors.
As a result, we now live in a Corporate Security State where the government is more interested in safeguarding the health of the companies that serve it than the citizens who support it. How did we get here? And is there a way out?
Edwards lays out the steps intelligence agencies took in the wake of 9/11 to illegitimately extend their reach (and their budgets). Private corporations were only too eager to supply them with the latest surveillance technology and consumer data, essentially becoming an unofficial, and unaccountable, extension of those agencies. Edwards shows how the government has concealed its actions by greatly expanding both the classification of documents-the Obama administration has refused more Freedom of Information Act requests than Bush's-and the prosecution of whistleblowers, many of whom she has worked with personally.
Further, she exposes how the bogus claim of an imminent "cyber war" is being used to justify businesses spying on employees and customers, as well as government and business sharing their ill-gotten information. This is why the Justice Department isn't going after the corporations responsible for the financial collapse of 2008-as Edwards shows, all too often they're partners in crime.
But she offers a plan for fighting back-steps we can demand to restore transparency to government, keep private information private, and make democracy a reality once again.
2011
A deeply personal story written by a microfinance insider whose decade in the industry turned him into a heretic. It reveals the shocking truth of the industry once hailed as the miraculous solution to world poverty, and profiles the few shining exceptions to industry-wide corruption.
Offering inspiring success stories, the microfinance industry depends on the faith of investors that small loans can transform the lives of the poor. But as Hugh Sinclair points out, very little solid evidence exists that microloans make a dent in long-term poverty. Evidence does exist for negligence, corruption, and methods that border on extortion. Part exposé, part memoir, and part financial detective story, this is the account of a one-time true believer whose decade in the industry turned him into a heretic.
Sinclair worked with several microfinance institutions and funds as he traveled from Mexico to Mongolia, with Nigeria, Holland, and Mozambique in between. He couldn't help but notice that even with a booming $70 billion industry on their side, the poor didn't seem any better off in practice. Exorbitant interest rates led borrowers into never-ending debt spirals, and aggressive collection practices resulted in cases of forced prostitution, child labor, suicide, and nationwide revolts against the microfinance community.
With characteristic intelligence and biting wit, Sinclair weaves a shocking tale of a system increasingly focused on maximizing profits. The situation worsened when large banks, attracted by the high repayment rates of overpriced loans, hijacked the sector and created a microfinance bubble. Sinclair details his discovery of several scandals, one of the most disturbing involving a large African Microfinance institution of questionable legality which charged interest rates in excess of 100% per year, and whose investors and supporters included some of the most celebrated leaders of the microfinance sector. Sinclair's objections were first met with silence, then threats and attempted bribery, a court case, and eventually led him to become a principle whistleblower in a sector that had lost its soul.
Microfinance can work-Sinclair describes moving experiences with several ethical and effective organizations and analyzes what made them different. But without the fundamental reforms that Sinclair recommends here, microfinance will remain an "investment opportunity" that will leave the poor with hollow promises and empty pockets.
Offering inspiring success stories, the microfinance industry depends on the faith of investors that small loans can transform the lives of the poor. But as Hugh Sinclair points out, very little solid evidence exists that microloans make a dent in long-term poverty. Evidence does exist for negligence, corruption, and methods that border on extortion. Part expos, part memoir, and part financial detective story, this is the account of a one-time true believer whose decade in the industry turned him into a heretic.
Sinclair worked with several microfinance institutions and funds as he traveled from Mexico to Mongolia, with Nigeria, Holland, and Mozambique in between. He couldnt help but notice that even with a booming $70 billion industry on their side, the poor didnt seem any better off in practice. Exorbitant interest rates led borrowers into never-ending debt spirals, and aggressive collection practices resulted in cases of forced prostitution, child labor, suicide, and nationwide revolts against the microfinance community.
With characteristic intelligence and biting wit, Sinclair weaves a shocking tale of a system increasingly focused on maximizing profits. The situation worsened when large banks, attracted by the high repayment rates of overpriced loans, hijacked the sector and created a microfinance bubble. Sinclair details his discovery of several scandals, one of the most disturbing involving a large African Microfinance institution of questionable legality which charged interest rates in excess of 100% per year, and whose investors and supporters included some of the most celebrated leaders of the microfinance sector. Sinclairs objections were first met with silence, then threats and attempted bribery, a court case, and eventually led him to become a principle whistleblower in a sector that had lost its soul.
Microfinance can workSinclair describes moving experiences with several ethical and effective organizations and analyzes what made them different. But without the fundamental reforms that Sinclair recommends here, microfinance will remain an investment opportunity that will leave the poor with hollow promises and empty pockets.