Monday, January 03, 2011

Read A Book

"To attract investment, Argentina took out a thirty-one page advertising supplement in BusinessWeek, produced by the PR giant Burson-Marsteller, declaring that "few governments in history have been as encouraging to private investment... We are in a true social revolution, and we seek partners. We are unburdening ourselves of statism, and believe firmly in the all-important role of the private sector."

Once again, the human impact was unmistakeable: within a year, wages lost 40 per cent of their value, factories closed, poverty spiraled. Before the junta took power, Argentina had fewer people living in poverty than France or the U.S. - just 9 per cent - and an unemployment rate of only 4.2 per cent. Now the country began to display signs of the underdevelopment thought to have been left behind."

The Shock Doctrine - Naomi Klein

Naomi Klein talks about The Shock Doctrine - YouTube

3 comments:

Daniel Hoffmann-Gill said...

So you recommend it? It's on my list of books to read so I'll bump it up a few places.

Jonkarra said...

Sorry Steve just testing blogger comments just to make sure they still work with openID. But about your article governments selling out there own people? What a surprise there ;)

Highlander said...

Highly recommended Sir. Both wondrous and horrifying at the same time. The irrelevancy of global democracy and the wealth of the few writ large.