USA - Profit Be(for)e People ?!(4)
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September 24, 2008 -
Naomi Klein: Now Is the Time to Resist Wall Streets Shock Doctrine
While the collapse of this countrys financial system continues to send shock waves around the world, we speak to the bestselling author of The Shock Doctrine. Naomi Klein says the public should be wary of the Bush administration trying to use the crisis to push through more of the radical pro-corp
orate policies that helped cause it in the first place. Naomi Klein, award-winning journalist, syndicated columnist and author of the bestseller, The Shock Doctrine: The Rise of Disaster Capitalism. Well, the thesis of my book, what I mean by the shock doctrine, is that it is in times of crisis,
it is in times when people are panicked, when weve seen again and again the right push through radical pro-corporate policies, what they call free market reforms, precisely because it is in a crisis where the space for debate rapidly closes, and you can invoke this state of emergency to say we have
no choice. And I think were seeing a very dramatic example of this tactic right now with this really extortionist kind of tactics playing out in Washington. You know, Sign this blank check, or were all going down, or Main Street is going down, or taxpayers—you know, the sky will fall in on them.
Im also arguing that this is only stage one of the shock doctrine. Theyre getting this—theyre lobbying for this huge bailout, obviously, but this bailout is a kind of a time bomb, because its all these bad debts, and they are going to explode on the next administration. I mean, we know that the B
ush administration has already left the next administration with huge debt and deficit problems. Theyve just exploded those, expanded them. And what that means is that whoever the next president is is going to be inheriting this economic crisis that is being exacerbated by this bailout. So, in the
case of McCain, I think—if hes the president, then I think we know what hell do, because we know he wants to privatize Social Security, which is something that Wall Streets been wanting for a long time, another bubble. We know he has said in the next—in the first 100 days of his administration h
ell look at every program and either reform it or shut it down. This is really a recipe for economic shock therapy. So, while you have all of these trivial issues being discussed in the election season, I think what we could—what were really—you know, under the surface, theyre actually being qui
te clear. Theyre going to take—if they take power, it will be in the midst of an economic emergency. Theyll invoke that emergency to push through very, very radical changes. So, you know, what Ive been saying is, this is not four more years of Bush; its much, much worse in the case of another Repu
blican administration. But theres huge problems for Democrats, as well, if they win this election, because, you know, we need to only think back to the situation in which Clinton took power, where he ran an election on an economic populist platform, promising to renegotiate NAFTA. Then there was an
economic crisis. Clinton came under intense lobbying by people like Robert Rubin, whos also advising Obama right now, and by the time he took office, he had embraced economic austerity. So, people need to understand these tactics, need to put pressure on the candidates, the parties, and reject thi
s tactic. And Ive actually been really heartened, Amy, that people are onto these shock tactics and arent falling for it. And, you know, to the extent that were seeing a little bit of spine from the Democrats, it is only, as Chris Dodd said, because they are hearing it from their constituents. So pe
ople need to keep up this pressure right now.
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The world needs confidence in the US $ Dollar NOT more hyperinflation
US Debt! We need LESS US Central Planning, MORE oversight and a REAL free market.
Printing MORE fiat US $Dollars to encourage more Wall Street greed will debase the currency, end confidence in the $Dollar and cause a MUCH larger collapse later! Real Estate AND the stock market MUST be allowed to return to their TRUE value NOW before the problem grows any larger! Bailout? HELL
NO!!
Ok, so banks will start lending again.. to who? 500 will be a good credit score? series of more serious recessions ahead after this bill!! Free house to every family!