The past couple of weeks have been rocky on the stock market, but one company that hasn’t been suffering too much is Taser International. At the end of January, its stock jumped by an impressive 8 per cent, and it’s even higher today.
Matthew McKay, a stock analyst at Jeffries & Co. in San Francisco, cites a simple cause: news that the Toronto Police Services Board plans to buy 3,000 new Taser electroshock weapons, at a cost of $8.6 million for gear and training. If the deal goes ahead, tasers would become standard issue weaponry for all of Toronto’s frontline officers, right next to their handcuffs and batons.
On Wednesday night, I participated in a public forum about the prospect of a fully taser-armed police force, organized by the Toronto Police Accountability Coalition. One speaker, who had a history of psychiatric illness, told the room: “We’re worried because we’re the people who are going to get shocked.”
Remember the "ownership society," fixture of major George W. Bush addresses for the first four years of his presidency? "We're creating...an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property," Bush said in October 2004. Washington think-tanker Grover Norquist predicted that the ownership society would be Bush's greatest legacy, remembered "long after people can no longer pronounce or spell Fallujah." Yet in Bush's final State of the Union address, the once-ubiquitous phrase was conspicuously absent. And little wonder: rather than its proud father, Bush has turned out to be the ownership society's undertaker.
Moody's, the credit-rating agency, claims the key to solving the United States' economic woes is slashing spending on Social Security. The National Association of Manufacturers says the fix is for the federal government to adopt the organization's wish-list of new tax cuts. For Investor's Business Daily, it is oil drilling in the Arctic National Wildlife Refuge, "perhaps the most important stimulus of all."
But of all the cynical scrambles to package pro-business cash grabs as "economic stimulus," the prize has to go to Lawrence B. Lindsey, formerly President Bush's assistant for economic policy and his advisor during the 2001 recession. Lindsey's plan is to solve a crisis set off by bad lending by extending lots more questionable credit. "One of the easiest things to do would be to allow manufacturers and retailers" -- notably Wal-Mart -- "to open their own financial institutions, through which they could borrow and lend money," he wrote recently in the Wall Street Journal.
This review was written by Juan Santos, a writer Naomi respects a lot. She encourages readers of The Shock Doctrine
to check out his website
, and in particular his series of writings called Apocalypse No!
A Review of The Shock Doctrine: The Face of Fascism in a Global System Heading for Collapse
by Juan Santos, The Fourth World
, December 30, 2007
Subcomandante Marcos of the Zapatistas is a poet, but he is not just any poet: he’s a poet armed not only with words, but with bullets – and not only with words and bullets, but with the heart of the Mayan people of Chiapas. He is a poet and a revolutionary who abandoned the ivory tower for the jungle – for the Selva Lacandona - to live with, to fight with, and to die with los de ‘bajo – the people on the bottom, who lives are crushed beneath the weight of the pyramid of Empire. He has taken their part, their lot, their future as his own.
Readers of The Shock Doctrine know that one of the most shameless examples of disaster capitalism has been the attempt to exploit the disastrous flooding of New Orleans to close down that city's public housing projects, some of the only affordable units in the city. Most of the buildings sustained minimal flood damage, but they happen to occupy valuable land that make for perfect condo developments and hotels.
The final showdown over New Orleans public housing is playing out in dramatic fashion right now. The conflict is a classic example of the "triple shock" formula at the core of the doctrine.
- First came the shock of the original disaster: the flood and the traumatic evacuation.
- Next came the "economic shock therapy": using the window of opportunity opened up by the first shock to push through a rapid-fire attack on the city's public services and spaces, most notably it's homes, schools and hospitals.