Are We Witnessing the Shock Doctrine in Effect?
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If you asked anybody who read and understood his books and asked them "what do you think of friedmans idea of "the shock doctrine"?" "I bet they would say, what the hell are you talking about, is that in one of his books? I must have missed it"
uh, Miss Klein, ever heard of the corporate income tax? Sarbanes-Oxley? The Community Reinvestment Act? The Federally Backed "corporations" Freddie and Fannie? The goddamn very existence of the Federal Reserve?
No wonder these businesses made bad loans. They are either squeezed - or flat out legally required - to make them!
How is massive gov't intervention "capitalism"?
You're a retard.
This whole mess was created by a socialist experiment that Klein supports called Freddi Mac and Fannie Mae that has government backed loans.
When a business cannot fail because of government backing, one makes terrible decisions.
Moreover, subsequent to the collapse of these socialist babies...there was and EXPANSION of government not a decrease!
This kind of "bi-partisanship" is totalitarianism nothing more.
Vote every incumbent out, their only interest is in lining the pockets of the already obscenely wealthy on the backs of the middle class, meaning the other 99% of us.
We need to see these douchebags go to prison, our country is in total financial shambles.
And this plan will make it worse!!!!!!!!!!!!
Ms. Klein is right !
Just let us all hope that the US Military Industrial Complex does NOT take over control of the Internet ( censorship for example ).
It is the Internet that allows critical discussion on such matters ... otherwise we'd have to rely on mainstream Media .. controlled by the very people that work against us.
When the government has too much power, they can determine which cells in the "free market" will thrive (their buddies and those that can afford lobbyists) and which will perish. The examples in her book are mostly instances of this collusion between the public and private sector. For the same framework with a more logical analysis, check out Crisis and Leviathan.
Before we critique capitalism, we should at least try it out.
high risk borrowers where given homes with 0% down and no closing costs. They had no intention of paying their mortgages and because the gov't liberals were backing these loans with taxpayers sweat the loans were signed anyway. Thank you Barney Frank and Walters and Means and most of all, Thank you Obama
Welcome to plutocracy and the New World Order. Get chip injection in line 1 and then file into bread line.