this post was submitted on 01 Apr 2026
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Privacy
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*In the shock doctrine, Naomi Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism". In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization.
This economic "shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively. The book challenges the narrative that free market capitalist policies have been welcomed by the inhabitants of regions where they have been implemented, and it argues that several man-made events, including the Iraq War, were intentionally undertaken with the goal of pushing through these unpopular policies in their wake.*
I'm much more concerned about crises being an excuse to expand government powers than to privatize or deregulate. That's the problem in this particular instance too. Both can be bad but expanding government powers is almost always bad.