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The Shock Doctrine: The Rise of Disaster Capitalism
Abstract
The Shock Doctrine is a critical review of the use and consequences of free-market economics. It takes its title from the application of Shock Therapy as a means to bring economic transformation, Shock and Awe, the military strategy of Donald Rumsfeld used in the invasion of Iraq, but also elsewhere, and of electric-shocks and the use of torture to sustain authoritarian governments. There are two recurring themes which run through the book: the allying of rapid free-market reforms as advocated by Chicago School economists, and specifically Milton Freedman, to authoritarian state strategies; and, contrary to free-market reforms, the rise of the corporate state and in particular the capture of political elites by large private corporations, especially US-controlled ones. Klein highlights how free-market economists have advanced the assumption that conditions of war,...
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Metadata
- Authors
- Wells, P.
- Venue
- Community Development Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2007-06-05
- Volume
- 43
- Issue
- 4
- Pages
- 508-510
- ISSN
- 0010-3802 (ISSN-L)
- 1468-2656
- OpenAlex
- W2974913752
- Cited by
- 1,960
- References
- 0
- FWCI
- 158.06
- Type
- journal article
- Language
- en
- Open access
- closed
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