Noami Klein Speaks

"Klein first formulated her thesis in 2004, when she was reporting in Baghdad and noticed that Paul Bremer’s goal seemed to be to establish a perfect capitalist state in Iraq while its population was still reeling from the “shock and awe” bombing. Then she noticed that soon after the tsunami in Sri Lanka the coastline that had been inhabited by fishermen was being sold off to hotels. Then she noticed that Friedman had suggested taking advantage of Hurricane Katrina to replace New Orleans’s disastrous public schools with charter schools. The pattern was striking. But now that a shock had shaken Washington itself, something slightly different seemed to be going on. On the one hand, the initial reaction to the economic crisis followed her theory—the shock (the bank failures and the market’s nosedive) had inspired the government to attempt to seize unprecedented power (seven hundred billion dollars with no strings attached), claiming that in such a crisis everyone should simply trust it to do the right thing, even though the actions it wanted to take would seem to enrich the wealthiest at the expense of everybody else. That was the textbook part. But the plan wasn’t working. Constituents wrote thousands of outraged letters, and bloggers wrote about how this felt familiar, like the aftermath of September 11th, and how the bailout was the economic equivalent of the Patriot Act. It was just as she had written at the end of the book: memory was shock’s antidote."