The Shock Doctrine by Naomi Klein

The Shock Doctrine by Naomi Klein

I’m a big Naomi Kelin fan, and it took me a while to finish this book. The Shock Doctrine is a good summary of the history of Free Market Capitalism favoured by center-right and conservative political parties.

The Shock Doctrine by Naomi Klein

This book explains how a Noble Prize-winning American economist named Milton Freedman became an advocate of a free-market economic system and minimal government interventions. Freedman became an advisor to politicians such as Ronald Reagan and Margaret Thatcher. Their policies often boiled down to tax cuts, defunding of social programs, privatization, and deregulations.

The impact of these policies was relatively minimal in more democratic countries yet devastating in South America and the Middle East. Free market policies are often introduced after an intentionally induced shock, such as a war or natural disaster.

The Shock Doctrine by Naomi Klein

The Shock Doctrine is ample with historical details from countries that adopted the free-market economic principles and those who chose to move away from it.

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