Backyard Empire: The United States in Latin America
Most of this series is about things dug out of the ground. This one is about the wires and the current — the telephone systems and power grids a modern country can't function without, owned by foreign corporations. International Telephone & Telegraph (ITT) owned the phone systems of Cuba, Chile, and beyond; the American & Foreign Power Company owned the electric utilities of Cuba and nine more Latin American countries. They charged high rates, paid little tax, and resisted local control — until governments began nationalizing them, starting with Castro's Cuba. Then the most notorious case: when Salvador Allende was elected in Chile in 1970 and moved to nationalize ITT's phone company, ITT — chairman Harold Geneen and board member John McCone, a former CIA director — offered money to the CIA (a reported $1 million) and pushed to wreck Chile's economy to stop him, a scandal exposed in leaked memos and 1973 Senate hearings. We keep the crucial caveat front and center: ITT was an eager instigator, not the puppet-master — the CIA ran its own operations (Episode 4) and rejected some ITT proposals. A study in how far a corporation tried to go to protect a monopoly. Narrated by AI voices from sourced, human-reviewed research.
14 episodios
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