Saturday, April 09, 2011

The Shock Doctrine

Given the terrible state of the economy, I like many people are thinking more about the dismal science: economics. The challencor once said that every job lost from the public sector would immediatley be taken up by the private sector. This struck me as one of the stupidist things that |I had every heard.

However, after reading the "Shock Doctrine" by Naomi Klein, many things became clearer. Osborn stupid statements are actually based on classical economics. Milton Friedman was the originator of these ideas, and so he should be regraded as one of the most evil people in the twentieth century

The book shows that most people are opposed to Friedman's ideas. So the only way to implement them is after a disaster or a coup, when people are confused and unorganized. Classical economics doesn't actually work, but does allow the top 10% to get even richer.

Osborn is following the pattern outlined in the book, by using the excuse of the banking crisis.