Disaster capitalism is a simple concept explained by Naomi Klein in the book "The Shock Doctrine." Klein's description precedes the Great Recession, but that event could easily be included:
“Countries are shocked — by wars, terror attacks, coups d’état and natural disasters.” Then “they are shocked again — by corporations and politicians who exploit the fear and disorientation of this first shock to push through economic shock therapy.” People who “dare to resist” are shocked for a third time, “by police, soldiers and prison interrogators.”
So imagine my surprise when a corporate fat cat like Kimberly-Clark's CEO and Chairman Thomas Falk, unaware of Klein's book, offers up disaster capitalism at a Senate finance hearing, as a solution to tax reform. Not one eye brow was raised:
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