Monday, September 22, 2008

The Paulson Shock Doctrine

For those of you wondering how the Bush Administration has the gall to ask American taxpayers to reward unscrupulous financial executives with a trillion dollars of our money, you need to read Naomi Klein's The Shock Doctrine, which explains how this administration engineers crises in order to push through unthinkable favors for the wealthy and powerful.

Mrs. Klein was on Bill Mahar this weekend, but got a bit drowned out by Andrew Sullivan being overly pedantic on unrelated issues such as religion (Andrew, did you forget your meds?)

But hers is a voice that needs to be heard. The malarky the government is selling just doesn't wash. Economists like Paul Krugman have a much better handle on the problem. We need to be listening.

Below is an older interview with Ms. Klein.

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