Wednesday, August 19, 2009

Meddling with the Primal Forces of Nature

I’m currently listening to a book on tape version of Naomi Klein’s The Shock Doctrine. It’s not enjoyable at all, but it is one of the most informative and striking books I’ve ever read. Disaster Capitalists and a certain school of economists envisioned a free-market utopia based on computer models under the belief that a human-created monetary system could be considered a hard science like physics or chemistry, and they were given an opportunity time and time again to test their theory with ruinous results. The only reason it repeats is that when these economies collapse, oligarchs and vulture investors swoop in buying everything up for pennies on the dollar, and then sell to other foreign investors for billions.

Say what you want about the supposed amorality of the free market principles they advocate. This has been used to scavenge billions from Chile and Argentina in the 70s and 80s, Post-cold war Russia in the 90s, and then Iraq. The wisdom of such destructive economic policy must immediately be questioned when in the last decade with Enron, Post-Katrina NOLA, and the Housing Bubble leading to the Wall St. Crisis, these homegrown tactics are now being used on our own soil.

An example of the style of globalization-minded free market corporate cosmology can be demonstrated writ small in Klein's 2004 documentary The Take:

Even with Obama at the helm, I’m beginning to think we’re fucked.

The investor class of this nation has been devouring the seed corn.

Also, Go Huskers!

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