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Naomi Klein: Disaster Capitalism

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Tags: Capitalism Disaster Doctrine Klein Naomi Shock
Channel: News & Politics
Uploaded: September 19, 2007 at 2:00 am
Author: videonation
Length: 08:35
Rating: 4.22
Views: 65501
Nation columnist Naomi Klein explores a key argument from her new book, The Shock Doctrine: The Rise of Disaster Capitalism: After 9/11 the Bush Administration launched a new economy, driven by the notion of an endless war against an undefined notion of evil. Read more in her 2005 Nation column "The Rise of Disaster Capitalism."

Video Comments

bringideason (August 29, 2008 at 4:01 am)

sheepblitzer: Again. What do you do for a living?

mnixnon (August 28, 2008 at 6:52 am)

"the Great Depression was caused by speculation which the goverment did not control." Wrong. The Depression was caused by the Federal Reserve contracting the money supply by over 30% which wiped out purchasing power, and created an unprecedented level of panic on Wall Street. "it is possible to plan a capitalist economy, obviously you haven't read Keynes." This reinforces my arguement. Keynes was opposed to Laissez-faire Capitalism. It is either a free market, or it is not.

mnixnon (August 28, 2008 at 6:43 am)

"Obviously you haven't read Marx." Well, it is certainly obvious you have not. It is outlined, defined and explained in the Communist Manifesto: private property is abolished and converted for public purposes. "Again the USA was able to properly plan the economy." That is laughable at best. The US has never been able to properly plan the economy.

mnixnon (August 28, 2008 at 3:21 am)

"...Don't bring Smith in with the likes of Von Mises, Rand, etc." Don't tell me what to do... especially since you don't know what you are talking about. Smith was a "pre-capitalist thinker." His concept of the "invisible hand" laid the foundation for Capitalism. "Human Action," by Von Mises, was a denounciation of statism. And Rand's work consisted of defending Capitalism on moral grounds. The only thing that is different about these authors is their arguements against market interference.

mnixnon (August 28, 2008 at 3:03 am)

mempko: "Most argue that the Soviet Union was one of the most pure capitalist countries" LOL!!! Capitalism is a social system based on the recognition of individual rights - including property rights - where all property is privately owned. Even the U.S. is not capitalist; but to say that the Soviet Union "was one of the most pure capitalist countries" is absolutely ignorant.

bringideason (August 28, 2008 at 2:41 am)

sheepblitzer: What do you do for a living?

sheepblitzer (August 27, 2008 at 9:55 pm)

distinctions are important right. the the distinction between what label we give them or what label they claim, versus how their system actually operates. calling US capitalist and USSR communist is not an adequate distinction thats just downright oversymplifying and misleading.

stripesutube7 (August 27, 2008 at 9:17 pm)

Look at the start of this country. Tell me how men go from nothing to the most flourishing Nation, in the history of the world, in such a short amount of time?...that all the world admires, to this day, and scurries over here to partake of such Freedom? If Capitalism is soooo "evil" then why are people from around the world leaving such "heavenly" systems of Socialism and Communism to come be part of the American Dream?

jamesocon1 (August 27, 2008 at 4:42 pm)

Distinctions are important. If the US in the 50s and 60s could tell the difference/distinctions between Soviet Communism and Vietnamese Communism it would not have got itself into such a mess.

sheepblitzer (August 26, 2008 at 11:29 pm)

people are always arguing left to right on the spectrum but always forget about up and down. you cant classify a political/economic system based on a 1-dimensional line (or even a 2-D line, although it does some better justice). the reality of any situation is way more complex the the labels we tend to apply. thats why you are all confused and your arguments never get anywhere

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