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Naomi Klein: Financial crisis part of Bush 'shock doctrine'
David Edwards and Andrew McLemore
Published: Sunday September 21, 2008
...
"The real disaster has yet to come; the real disaster is the debt that is going to explode on American tax payers," Klein said.
Klein’s book, "The Shock Doctrine: The Rise of Disaster Capitalism," outlines how crises, real or perceived, have been used by governments, especially the United States under George W. Bush, to strong-arm a disoriented citizenry into accepting changes to its rights, and its government, that it wouldn't otherwise accept.
But Andrew Sullivan of TheAtlantic.com disagreed with Klein that a few "demonized" companies were at fault when the real culprit behind the mortgage crisis has been the willingness of Americans to
"[The American people] have spent and borrowed more than they could actually support," Sullivan said. "…To some extent, the American people are responsible for the crisis they are currently in."
Klein quickly shot back her own rebuttal.
"The reason why this bubble was allowed to inflate is not because the American people demanded it, it was because it was spectacularly profitable for Wall Street," Klein said.
http://rawstory.com/news/2008/Naomi_...t_of_0921.html
http://216.87.173.33/media/2008/0809...in_080919a.flv
David Edwards and Andrew McLemore
Published: Sunday September 21, 2008
...
"The real disaster has yet to come; the real disaster is the debt that is going to explode on American tax payers," Klein said.
Klein’s book, "The Shock Doctrine: The Rise of Disaster Capitalism," outlines how crises, real or perceived, have been used by governments, especially the United States under George W. Bush, to strong-arm a disoriented citizenry into accepting changes to its rights, and its government, that it wouldn't otherwise accept.
But Andrew Sullivan of TheAtlantic.com disagreed with Klein that a few "demonized" companies were at fault when the real culprit behind the mortgage crisis has been the willingness of Americans to
"[The American people] have spent and borrowed more than they could actually support," Sullivan said. "…To some extent, the American people are responsible for the crisis they are currently in."
Klein quickly shot back her own rebuttal.
"The reason why this bubble was allowed to inflate is not because the American people demanded it, it was because it was spectacularly profitable for Wall Street," Klein said.
http://rawstory.com/news/2008/Naomi_...t_of_0921.html
http://216.87.173.33/media/2008/0809...in_080919a.flv
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