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Economist Milton Friedman once said, "Only a crisis produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. " Naomi Klein examines some of what she considers the most dangerous ideas -- Friedmanite economics -- and exposes how catastrophic events are both extremely profitable to corporations and have also allowed governments to push through what she calls "disaster capitalism."
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Economic libertarianism usually seems to have to be imposed by force in a crisis. Is the United States the exception in some measures pushed through by Republicans? Or does it prove the case where conservatives have to point to a few outside countries as examples of "free markets"?
The Independent:
In a damning critique of Friedmanite economics, The Shock Doctrine: the rise of disaster capitalism ... uses thousands of documents and interviews to expose how governments and corporations have used or even invented disasters to push through laissez-faire market reforms before local populations can recover from the shock. Wars and disaster responses are now so fully privatised that they themselves have become the new markets.UK Guardian: Extracts of the book. The debate.
The Nation - video.
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