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Naomi Klein - The Shock Doctrine: The Rise of Disaster Capitalism

 
     

The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

Book Type: Paperback
Published: 01 May 2008
Publisher: Penguin
RRP:£8.99

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The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

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Review:
Readable, passionate, but... if true, the latest financial crash would have seen another swift extension of market power. But does govt control or ownership of the banks, talk of aggressive new regulation or the 'end of capitalism' sound like capitalism making hay? Are we really seeing a retreat from govt or state activity in the face of recession? On the contrary, this latest shock is widely described as a disaster for capitalism. The doctrine fails its first test. The former chairman of the Federal reserve - Alan Greenspan - talks about this shock as though it has fundamentally undermined the theoretical constructs of capitalism by showing the weakness of self interest. When the priests are becoming apostates, how can the shock be said to further their former creed? The conclusion has to be that this book is an aggressively selective reading of the evidence. As such, it might apply historically to some cases and is an interesting description of the manner in which some people find profit in any event, but does not come close to holding up as a doctrine. Overall, it strains far too hard and becomes less convincing with every doctrinaire assertion of its own. Having read the blurb about a methodical approach to data, I then read the the author's suggestion of an alignment of capitalism and torture with disbelief. This is not evidence, it is polemic, and occasionally whacky polemic at that. Spirited, but flawed.