"So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful"
About this Quote
Perkins’s provocation is the escalation from “debt” to “servants, slaves.” It’s intentionally inflammatory, and that’s the point. He’s arguing coercion doesn’t need troops when it has amortization tables. The subtext is that modern domination can be bureaucratic, deniable, and technically legal. No viceroy, no flag-raising ceremony; just terms, conditions, and refinancing. By calling it an “empire,” he drags a contemporary, often euphemized system into an older vocabulary of conquest, forcing the listener to confront continuity rather than novelty.
Context matters: Perkins is known for popularizing the “economic hit man” narrative, a critique of U.S.-aligned institutions, contractors, and geopolitics that use large-scale lending to shape policy choices in the Global South. Whether one accepts every detail of his account, the rhetorical move lands because it names the quiet power at the center of debt diplomacy: dependence. “Extremely successful” is the cold punchline. It reads like admiration and indictment at once, suggesting the machine’s efficiency is precisely what makes it morally suspect.
Quote Details
| Topic | Freedom |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Perkins, John. (2026, January 17). So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful. FixQuotes. https://fixquotes.com/quotes/so-we-make-this-big-loan-most-of-it-comes-back-to-74963/
Chicago Style
Perkins, John. "So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/so-we-make-this-big-loan-most-of-it-comes-back-to-74963/.
MLA Style (9th ed.)
"So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/so-we-make-this-big-loan-most-of-it-comes-back-to-74963/. Accessed 16 Feb. 2026.



