The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian journalist Naomi Klein.
The book and film argue that the free market policies of Nobel Laureate Milton Friedman and the Chicago School of Economics have risen to prominence in countries such as Chile under Pinochet, Russia under Yeltsin, the United States (for example in New Orleans after Hurricane Katrina), and the privatization of Iraq's economy under the Coalition Provisional Authority not because they were democratically popular, but because they were pushed through while the citizens of these countries were in shock from disasters or upheavals. It is also claimed that these shocks are in some cases, such as the Falklands war, created with the intention of being able to push through these unpopular reforms in the wake of the crisis.
The Shock Doctrine - Wikipedia, the free encyclopedia
Just read Bush's comments from yesterday:
President Bush warned Tuesday that failing to pass a financial rescue plan would bring severe consequences to the U.S. economy. Congress must act, he declared in an appeal that both presidential candidates echoed.
In brief remarks at the White House, Bush warned that, if our nation continues on this course, the economic damage will be painful and lasting.
Bush noted that the maximum $700 billion in the proposed bailout was huge, but was dwarfed by the $1 trillion in lost wealth that resulted from Mondays stock-market plunge.
(THEN BAIL US OUT GEORGE) (HOW ABOUT A BILL THAT WILL ACTUALLY WORK GEORGE)
Because the government would be purchasing troubled assets and selling them once the market recovers, he said, it is likely that many of the assets would go up in value over time. Ultimately, we expect that much - if not all - of the tax dollars we invest will be paid back.
(JUST LIKE IRAQ WOULD PAY FOR ITSELF, RIGHT GEORGE? FOOL ME ONCE, SHAME ON .WELL, THE POINT IS YOU AINT GONNA FOOL ME AGAIN)
The Arizona Republican said that Americans are frightened right now and it is the job of political leaders to give them both an immediate solution and a longer-term approach to the problem.
(OH, SO NOW JOHN WANTS THE GOVERNMENT INVOLVED? IM NOT GOING TO FORGET HOW WRONG JOHN AND GEORGE HAVE BEEN. YOU CAN, BUT I CANT.)
Bush: ?Painful and lasting? economic damage - Economy in Turmoil - MSNBC.com
I recognize this is a difficult vote for members of Congress, Bush said. And I understand that. But the reality is we are in an urgent situation and the consequences will grow worse each day if we do not act.
Treasury Secretary Henry Paulson emerged after the vote and warned of a credit crunch that would affect American businesses and said families would find it harder to get student loans and car loans.
We need to work as quickly as possible, he said gravely. We need to get something done.
The book and film argue that the free market policies of Nobel Laureate Milton Friedman and the Chicago School of Economics have risen to prominence in countries such as Chile under Pinochet, Russia under Yeltsin, the United States (for example in New Orleans after Hurricane Katrina), and the privatization of Iraq's economy under the Coalition Provisional Authority not because they were democratically popular, but because they were pushed through while the citizens of these countries were in shock from disasters or upheavals. It is also claimed that these shocks are in some cases, such as the Falklands war, created with the intention of being able to push through these unpopular reforms in the wake of the crisis.
The Shock Doctrine - Wikipedia, the free encyclopedia
Just read Bush's comments from yesterday:
President Bush warned Tuesday that failing to pass a financial rescue plan would bring severe consequences to the U.S. economy. Congress must act, he declared in an appeal that both presidential candidates echoed.
In brief remarks at the White House, Bush warned that, if our nation continues on this course, the economic damage will be painful and lasting.
Bush noted that the maximum $700 billion in the proposed bailout was huge, but was dwarfed by the $1 trillion in lost wealth that resulted from Mondays stock-market plunge.
(THEN BAIL US OUT GEORGE) (HOW ABOUT A BILL THAT WILL ACTUALLY WORK GEORGE)
Because the government would be purchasing troubled assets and selling them once the market recovers, he said, it is likely that many of the assets would go up in value over time. Ultimately, we expect that much - if not all - of the tax dollars we invest will be paid back.
(JUST LIKE IRAQ WOULD PAY FOR ITSELF, RIGHT GEORGE? FOOL ME ONCE, SHAME ON .WELL, THE POINT IS YOU AINT GONNA FOOL ME AGAIN)
The Arizona Republican said that Americans are frightened right now and it is the job of political leaders to give them both an immediate solution and a longer-term approach to the problem.
(OH, SO NOW JOHN WANTS THE GOVERNMENT INVOLVED? IM NOT GOING TO FORGET HOW WRONG JOHN AND GEORGE HAVE BEEN. YOU CAN, BUT I CANT.)
Bush: ?Painful and lasting? economic damage - Economy in Turmoil - MSNBC.com
I recognize this is a difficult vote for members of Congress, Bush said. And I understand that. But the reality is we are in an urgent situation and the consequences will grow worse each day if we do not act.
Treasury Secretary Henry Paulson emerged after the vote and warned of a credit crunch that would affect American businesses and said families would find it harder to get student loans and car loans.
We need to work as quickly as possible, he said gravely. We need to get something done.
