2 results for "Economics"

The shock doctrine: the rise of disaster capitalism

Klein, Naomi
In this groundbreaking book, the bestselling author of No Logo exposes the gripping story of how America's 'free market' policies have come to dominate the world - through the exploitation of disaster-shocked people and countries. At the most chaotic juncture in Iraq's civil war, a new law is unveiled that would allow Shell and BP to claim the country's vast oil reserves. Immediately following September 11, the Bush Administration quietly out-sources the running of the 'War on Terror' to Halliburton and Blackwater. After a powerful tsunami devastates the coasts of Southeast Asia, the pristine beaches are auctioned off to tourist resorts. New Orleans' residents, still scattered from Hurricane Katrina, discover that their public housing, hospitals and schools will never be reopened.These events are examples of what Naomi Klein calls 'the shock doctrine': the use of public disorientation following massive collective shocks - wars, terrorist attacks, natural disasters - to push through unpopular economic measures often called 'shock therapy'. Sometimes, when the first two shocks don't succeed in wiping out all resistance, a third is employed: that of the electrode in the prison cell or of the Taser gun. Based on breakthrough historical research and four years of on-the-ground reporting in disaster zones, The Shock Doctrine explodes the myth that the global free market triumphed democratically. Disaster capitalism - the rapid-fire corporate reengineering of societies that are reeling from shock - did not begin with September 11, 2001.Klein traces its intellectual origins back fifty years to the University of Chicago's economics department under Milton Friedman, whose influence is still felt around the world. She draws new and surprising connections between economic policy, 'shock and awe' warfare and covert CIA-funded experiments in electroshock and sensory deprivation in the 1950s; research that helped write the torture manuals used today in Guantanamo Bay. As Klein shows how the deliberate use of the shock doctrine produced world-changing events from Pinochet's coup in 1973 to the Tiananmen Square Massacre in 1989 and the collapse of the Soviet Union in 1991, she tells a story radically different from the one usually heard. Once again Naomi Klein has written a book that will reframe the debate.
Allen Lane 2007 558 pages

This changes everything: capitalism vs. the climate

Klein, Naomi
Naomi Klein, author of the number 1 international bestsellers, The Shock Doctrine and No Logo, returns with This Changes Everything, a must-read on how the climate crisis needs to spur transformational political change. Forget everything you think you know about global warming. It's not about carbon - it's about capitalism. The good news is that we can seize this existential crisis to transform our failed economic system and build something radically better. In her most provocative book yet, Naomi Klein, author of the global bestsellers The Shock Doctrine and No Logo, tackles the most profound threat humanity has ever faced: the war our economic model is waging against life on earth. Klein exposes the myths that are clouding the climate debate. You have been told the market will save us, when in fact the addiction to profit and growth is digging us in deeper every day. You have been told it's impossible to get off fossil fuels when in fact we know exactly how to do it - it just requires breaking every rule in the "free-market" playbook: reining in corporate power, rebuilding local economies and reclaiming our democracies. You have also been told that humanity is too greedy and selfish to rise to this challenge. In fact, all around the world, the fight back for the next economy is already succeeding in ways both surprising and inspiring. Climate change, Klein argues, is a civilizational wake-up call, a powerful message delivered in the language of fires, floods, storms, and droughts. Confronting it is no longer about changing the light bulbs. It's about changing the world - before the world changes so drastically that no one is safe. Either we leap - or we sink. Once a decade, Naomi Klein writes a book that redefines its era. No Logo did so for globalization. The Shock Doctrine changed the way we think about austerity. This Changes Everything is about to upend the debate about the stormy era already upon us.
Penguin Books 2015-08-04 566 pages