"Only in crisis...actual or perceived produces real change."
-Milton Friedman (The 20th Century's most prominent economist advocate of free markets. He was widely regarded as the leader of the Chicago School of monetary economics, which stresses the importance of the quantity of money as an instrument of government policy and as a determinant of business cycles and inflation. Recipient of Nobel Memorial Prize for Economic Science, 1976, Recipient of the Presidential Medal of Freedom, 1988).
Running Time: (7 min.)
In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world-- through the exploitation of disaster-shocked people and countries.
Public spending cut by 50%
Incomes for the rich up 83%
45% of population in poverty
Wars – Falklands War, 1982:
910 people die
Thatcher's popularity doubles
She privatizes gas, steel, airlines, telephones
She declares war on unions
Thousands are injured
Number of poor increases by 100%
China 1989 – hundreds killed
Thousands jailed and tortured
China becomes sweatshop to the world
China embraces "free market" capitalism
Factory wages: $1/day
Yeltsin attacks parliament
72 million impoverished
17 new billionaires created
Terrorist Attacks – New York, 2001:
Attacks launch "War on Terror." It is privatized.
US spy agencies outsource 70% of their budgets
Pentagon increases budget for contractors by $137 billion/year
Department of Homeland Security spends $130 billion on private contractors
Invasions – Iraq, 2003:
The most privatized war in modern history
US decrees 200 state companies will be privatized
Hundreds of thousands killed
4 million displaced
Natural Disasters – Sri Lanka, 2004:
Coastline handed over to hotels and industry
Nearly 1 million displaced
Fishing people forbidden to rebuild homes by the sea
-A Film by Alfonso Cuaron & Naomi Klein. Directed by Jonas Cuaron (2007). Based on Klein's bestselling book: "Shock Doctrine: The Rise of Disaster Capitalism"