Esoteric Dissertations from a One-Track Mind

January 17, 2008

Chomsky’s Version of the “Shock Doctrine”

Filed under: capitalism, economy, politics — Tags: , , , — codesmithy @ 8:53 am

Noam Chomsky gives a speech at a City Life/Vida Urbana event where he gives a remarkably similar narrative to that of Naomi Klein’s book “The Shock Doctrine: The Rise of Disaster Capitalism.”

and parts 2,3,4 and 5.

Here is a link to Dean Baker’s book “The Conservative Nanny State” that Chomsky mentions. One can read the whole book online.

As Chomsky elucidates in his speech, the economic system is setup in a particular way, namely to transfer wealth upwards. The mechanisms and policies that achieve this effect are considered natural, efficient, immutable, when in fact they are anything but. However, any course of action that has the opposite effect, namely to transfer wealth downwards, are considered distortions, interference, inefficient and stifling to innovation.

One fundamental goal is to remove economic decisions from democratic governments which might be influenced by the vast majority of the population into the hands of an elite “virtual senate.” The governments would exist, however it would not have actual sovereignty. An economic elite could cause havoc via forced interdependence, one tool in their toolbox is currency flight.

For American political discourse, Kucinich gets it right. We cannot talk about illegal immigration in America without first discussing NAFTA. NAFTA caused a collapse in the Mexican farm economy, fueling the need for immigrants to come to the North to work for American agribusiness and other unskilled labor fields.

Dean Baker shows there is a flip-side to the system we have and it can be changed.


1 Comment »

  1. […] for free online.  I noticed that Noam Chomsky mentioned him in a video on Youtube (follow this link to see the video and some commentary).  Here is what Chomsky said in an interview: The next group […]

    Pingback by The Conservative Nanny State « Marmalade — January 6, 2010 @ 10:19 pm

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