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.
Nativity scenes are plentiful in San Cristóbal de las Casas, a colonial city in the highlands of Chiapas, Mexico. But the one that greets visitors at the entrance to the TierrAdentro cultural center has a local twist: figurines on donkeys wear miniature ski masks and carry wooden guns.
It is high season for "Zapatourism," the industry of international travelers that has sprung up around the indigenous uprising here, and TierrAdentro is ground zero. Zapatista-made weavings, posters and jewelry are selling briskly. In the courtyard restaurant, where the mood at 10 pm is festive verging on fuzzy, college students drink Sol beer. A young man holds up a photograph of Subcomandante Marcos, as always in mask with pipe, and kisses it. His friends snap yet another picture of this most documented of movements.
Anyone tired of lousy news from the markets should talk to Douglas Lloyd, director of Venture Business Research, a company that tracks trends in venture capitalism. "I expect investment activity in this sector to remain buoyant," he said recently. His bouncy mood was inspired by the money gushing into private security and defense companies. He added, "I also see this as a more attractive sector, as many do, than clean energy."
Got that? If you are looking for a sure bet in a new growth market, sell solar, buy surveillance; forget wind, buy weapons.