PowerPoint Presentation
Disaster capitalismorchestrated raids on the public sphere in
the wake of catastrophic events, combined with the treatment of
disasters as exciting market opportunitiese.g. New Orleans Charter
schools, Sri Lanka beachesFirst Doctor ShockEwen Cameron
psychiatrist who worked for CIA on mind control program later
called MKUltra Donald Hebb psychiatrist had a theory for
interrogation methods of communists
The Other Doctor ShockMilton Friedman - American economist,
taught at the University of ChicagoNobel prize in economic
sciencesReputableMilton Friedman Day, Fortune Magazine, Freedom
Man
BUT
Economic shock treatmant"only a crisisactual or
perceivedproduces real change. When that crisis occurs, the actions
that are taken depend on the ideas that are lying around. That, I
believe, is our basic function: to develop alternatives to existing
policies, to keep them alive and available until the politically
impossible becomes politically inevitable.
The First TestGeneral Augusto Pinochet ChileMilitary coup,
President Allende killedtax cuts, free trade, privatized services,
cuts to social spending and deregulationtorture treatmant for those
who resistedBrazil and Indonesia (regime change)
Latin American shock economicsUruguay military coupArgentina -
junta seizedpower from Isabel PernPoverment and terror: isolation
chamber was called the capucha (the hood)Orlando
LetelierPinochetTatcherismBecause strick economic measures couldnt
pass so easy in democracy there was a need for natural shock such
as warThatcher used Falklands War to destroy the biggest union of
miners so that she can carry out chicago school
ideologyPrivatization: steel industry, water, electricity, gas,
telephones, airlines, oil....
Boliviapart of the democratic wave sweeping the developing
worldBig debtWar zone and economic meltdownchicago school plan:
elimination of food subsidies, the canceling of almost all price
controls and a 300 percent hike in the price of oil
Some more shock therapiesPoland - unity Solidarity problems
shock therapyChina - pro-democracy movement state of emergency
torture and massacreRussia South Africa
USARumsfeld defence secretaryBush privatization: water and
electricity to highway management and garbage collection also: the
military, police, fire departments, prisons, border control...9/11
showed problems of privatizationBushs (completely) New DealA Market
for TerrorismErasing IraqTerrorist (The invasion of Iraq was sold
to the public on the basis of fear of weapons of mass
destruction)War radical economic shock therapy: mass privatization,
complete free trade, a 15 percent flat tax, a dramatically
downsized government + torture
ConclusionFriedman = CameronBy 2006, key players from each camp
were either in jail or up on chargesMemory, both individual and
collective, turns out to be the greatest shock absorber of all.
