top of page

Corporate Rights - Too Much?

Updated: Mar 17, 2021 Learned about this actually when I was about 21 years old from Naomi Klein's bestselling book "No Logo".

From Naomi Klein's Wikipedia: The Shock Doctrine

Main article: The Shock Doctrine: The Rise of Disaster Capitalism

Klein's third book, The Shock Doctrine: The Rise of Disaster Capitalism, was published on September 4, 2007. The book argues that the free market policies of Nobel Laureate Milton Friedman and the Chicago School of Economics have risen to prominence in countries such as Chile, under Pinochet, Poland, Russia, under Yeltsin. The book also argues that policy initiatives (for instance, the privatization of Iraq's economy under the Coalition Provisional Authority) were rushed through while the citizens of these countries were in shock from disasters, upheavals, or invasion. The book became an international and New York Times bestseller[24] and was translated into 28 languages.[28]

Central to the book's thesis is the contention that those who wish to implement unpopular free market policies now routinely do so by taking advantage of certain features of the aftermath of major disasters, be they economic, political, military or natural. The suggestion is that when a society experiences a major 'shock' there is a widespread desire for a rapid and decisive response to correct the situation; this desire for bold and immediate action provides an opportunity for unscrupulous actors to implement policies which go far beyond a legitimate response to disaster. The book suggests that when the rush to act means the specifics of a response will go unscrutinized, that is the moment when unpopular and unrelated policies will intentionally be rushed into effect. The book appears to claim that these shocks are in some cases intentionally encouraged or even manufactured.

Klein identifies the "shock doctrine", elaborating on Joseph Schumpeter, as the latest in capitalism's phases of "creative destruction".[29]

The Shock Doctrine was adapted into a short film of the same name, released onto YouTube.[30] The original is no longer available on the site, however, a duplicate was published in 2008.[31] The film was directed by Jonás Cuarón, produced and co-written by his father Alfonso Cuarón. The original video was viewed over one million times.[24]

The publication of The Shock Doctrine increased Klein's prominence, with The New Yorker judging her "the most visible and influential figure on the American left—what Howard Zinn and Noam Chomsky were thirty years ago." On February 24, 2009, the book was awarded the inaugural Warwick Prize for Writing from the University of Warwick in England. The prize carried a cash award of £50,000.

0 views0 comments

Recent Posts

See All
bottom of page