The U.S.-orchestrated coup which overthrew the government of Philippines' President Ferdinand Marcos in 1986 was a classic case study of what John Perkins describes in his recent book, Confessions of an Economic Hit Man, as the post-World War II preferred method of imposing colonial control under another name. In the Philippines case, George Shultz performed the roles of both the economic hit man, destroying and taking full control of the Philippine economy, and the coup-master, deposing the Philippine President in favor of an IMF puppet—while calling the operation "people power."
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