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10 of 11 people found the following review helpful
5.0 out of 5 stars What's really going on, 29 Aug. 2008
This review is from: The Shock Doctrine: The Rise of Disaster Capitalism (Paperback)
Read and weep - Klein exposes the real power behind the world throne and the shoddy, extraordinary greed of the few who are happy to make money from the world's poor. Oh actually - BY making the rest of the world poor. The compelling story of how Milton Friedman's Chicago Boys realised that catastrophe gave them a vital window of opportunity in which to snatch and grab, in countries worldwide, starting with some "experiments" in Latin America. It's no news to economists, but it is to the rest of us - governments in "transition", such as Poland under Solidarity, were forced to seek help from the World Bank and IMF, only to be told that essential loans came with unbearable hardship and economic ruin for their citizens. Forced privatisations of state companies, all price controls lifted, so that essentials like bread and milk became unaffordable, and massive layoffs/unemployment. But the deal was always: accept our terms, or forget about securing loans - which these countries (like S.Africa, like Russia) needed to deal with the inherited debts of previous dictatorships. A rock and a hard place indeed. And guess who was controlling the IMF? And making all the money from buying up ex-state companies, only to sell them on for huge profit, or close them down so there'd be no competition for the American companies coming in? And that's before Klein even gets to discussing Iraq. Essential reading. Especially in the Big Brother age, when politicians would like us all to be looking the other way.
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