domingo, setembro 16, 2007
The Shock Doctrine
In her book she argues that the shock therapy prescribed by Western economists during the last 30 years could not have been imposed without political shock therapy, namely brutal repression and a suspension of democratic rights. Western countries, along with the International Monetary Fund and the World Bank, essentially exploited disasters — hyperinflation, the tsunami, the war in Iraq — to force through radical changes like privatization, deregulation and severe cuts in social spending. These policies, imposed by foreign and American disciples of the laissez-faire economist Milton Friedman, she maintains, caused grinding poverty and hardship for millions while often permitting multinationals to buy up a country’s most valuable assets for going-out-of-business prices.
Even the shock of 9/11, she said in an interview, was “harnessed by leaders to end the discussion of global justice.”