The Shock Doctrine

Question: Explain about the Shock Doctrine. Answer: Klein believes that neo-liberalism belongs among the closed and fundamentalist doctrine which cannot exist with other system and policies of the worlds (Klein, 2008). The neo-liberalism and the Chicago School of economics policies are related to each other. The policies as Klein sees it as a social breakdown that has accompanied neo-liberal policies are not the product of incompetence and mismanagement but these are considered as an integral part of the free market policy. The policies which were implemented by the Friedman and the policies which are stated in the Neo-liberal are for the same product. The Film offers a definitive history of the free market policies and the Globalization is considered as an evil move which in intended towards making a free market concept which is related to the profit and market expansion and ignores the fundamental property rights of a common citizen. The Shock Doctrine The Documentary The Shock doctrine offers stunning facts and also indicates some historical facts and events which have occurred and implemented free market ideology in last 50 years. In the documentary, Naomi Klein is explaining these facts and events from last decades to the students and making a comprehensive view regarding the Globalization, capitalism, and the free market (Klein, 2007). Yes, I am agreeing with her views regarding the present situations and the working of different Global agencies such as IMF, World Bank. Any person who has watched a country lurch from one crisis to other as the bearcats of the IMF are allowing cut after cut for the stabilization of the economy. She explains her visit to Argentina in the year 2002 and also explained the situation they are facing. The Government is struggling to implement to implement the IMF decision to roll back public spending at a time when the economy was contracting. These acts by the IMF have made the situation worst and co untry has to face the economic depressions. Kleins views go as corporate capitalism is ever starving for new territory. They intended toward exploring new markets for the more profit, gains and make assets. The home of the Shock Doctrine is the Chicago School of Economics, led by Late. Milton Friedman (Paul, 2007). He was the man from Orleans, grand guru of the movement who has directed the view of capitalism and he has created the rulebook for h contemporary hypermobile Global economy. He had a very clear belief that the free market and the invisible hands behind its the best way for the present century. All the rules and regulations including the taxes and humane prices should be abolished and the government should make a way for the profit based economy. This is also clear that in any country where a general public has no property rights and the constitution of the country does not have any clear rules and regulations for the poor public his gives them a little hope to acts against the corporate elites. The 1989 Washington consensus was an agreement of the thinks tanks, economists and the government officials which were mainly intended to implement the Chicago school of economics vie w over the market. The focus was on the reduction of the inflation by the Privatization and foreign aids. These were the driving forces of the shock Doctrine and this view was initiated by the Friedman in Chicago School of Economics (Naomi, 2007). As Ms. Naomi explains in the Documentary how the Latin America becomes the laboratories to test the policies, all under that guidance on the so-called Chicago boys (21:35)that US-trained ask Friedman night. Klein describes the Disaster capitalization phrase as she refers the events which occurred during the tsunami in Sri Lanka. During the tsunami of Sri Lanka, most of the coastal area population has shifted somewhere else in the country who were mostly dependable upon the fishing, after four days of the tsunami the parliament has announced privatization of the water and the electricity. This was intended to make a profit from the disaster who has killed more than fifty thousand peoples and displace about half million residents. This is known as Disaster Capitalization in which the companies and Government take up the benefits of the Disasters. The economic policies which are mainly focused on the profit gain and market expansions generally penetrate the democracy of a country as well as the economic situation of the country. We all knows that many democratic countries generally fall down due to some coup or due to different reasons. This can be explained as military plan but actually, this is referred as an economical plan for the implementation of the policies which are made on the basis of profit and market expansion and the creation of free markets. Reference: Klein, .N, 2007 ,The Shock Doctrine: The Rise of Disaster Capitalism Collier, Paul. 2007. The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It? Oxford: Oxford University Press. Naomi, K, 2007, Blank is Beautiful: Three Decades of Erasing and Remaking the World Klein, Naomi. 2008. One Year After the Publication of The Shock Doctrine, A Response to the Attacks, September 2.