Table of Contents
What is the movie shock doctrine about?
Film-makers Michael Winterbottom and Mat Whitecross use lectures by Naomi Klein, news-reel footage and analysis to explain the connection between politics and economics.The Shock Doctrine / Film synopsis
Who wrote The Shock Doctrine?
Naomi KleinThe Shock Doctrine / AuthorNaomi A. Klein is a Canadian author, social activist, and filmmaker known for her political analyses, support of ecofeminism, organized labour, left-wing politics and criticism of corporate globalization, fascism, ecofascism and capitalism. Wikipedia
When was the shock doctrine published?
2007The Shock Doctrine / Originally published
Who created neoliberalism?
Neoliberalism began accelerating in importance with the establishment of the Mont Pelerin Society in 1947, whose founding members included Friedrich Hayek, Milton Friedman, Karl Popper, George Stigler and Ludwig von Mises.
What is shock therapy in Russia?
Overview. Shock therapy is an economic program intended to transition a planned economy or developmentalist economy to a free market economy through sudden and dramatic neoliberal reform.
What is neoliberal shock therapy?
Shock therapy is an economic program intended to transition a planned economy or developmentalist economy to a free market economy through sudden and dramatic neoliberal reform.
How did the shock therapy destroy the social welfare system of Russia?
It created “the largest garage sale in history” which led virtual disappearance of entire industries for the restructuring was carried out by market forces in place of government owned policies. Hence, industries were undervalued and sold at throwaway prices. 3. It systematically destroyed old system of social welfare.
What was shock therapy was this the best way to make a transition from communism to capitalism?
The model of transition in Russia, central Asia and East Europe came to be known as shock therapy. However, shock therapy wasn’t the best way to transition from communism to capitalism because: It was a sudden and immediate change that uprooted the entire existing system and wrecked havoc over the economy of the state.
Who created shock therapy?
Jeffrey Sachs first proposed shock therapy when he noticed that most periods of hyperinflation had been ended in a decisive stroke, often in a day. Therefore, it is important to look at the theoretical basis for hyperinflation to understand why Sachs noticed shock therapy proved so successful in fighting it.
Is trickle down economics neoliberalism?
While the theory of “trickle down” of wealth to the poor is often invoked to support the government’s neo-liberal policies, such as tax cuts and other financial incentives for the private sector that benefit the rich, in reality, such policies have not been successful in bridging economic inequalities.
Why is ECT controversial?
Reasons for Controversy Three reasons are given for the aversion: 1) ECT is considered old-fashioned and politically incorrect; 2) it is forced on the patient; and 3) the memory disturbances are so severe and persistent that no rational human being would undergo this procedure, no matter how well-intended.
Is shock therapy legal in the US?
It is legal in the United States, though it’s illegal to give it to patients younger than 16 in Texas and Colorado. In some cases, with the permission of courts, doctors can force very sick patients to get ECT. One of the more serious side effects of ECT is memory loss.
What were the four consequences of Shock Therapy?
Consequences of the Shock Therapy Valuable industries were undervalued and were sold at throwaway prices. This came to be known as “the largest garage sale in history”. The value of the Russian currency, ruble declined considerably. People lost all their savings because of high rate of inflation.
What are the two consequences of Shock Therapy?
The consequences are: (i) Collective farms were replaced by private farming and capitalism in agriculture. (ii) Privatisation of state assets and corporate ownership patterns were immediately brought in.
What were the positive consequences of shock therapy?
Consequences of the Shock Therapy Valuable industries were undervalued and were sold at throwaway prices. This came to be known as “the largest garage sale in history”. The value of the Russian currency, ruble declined considerably.
What change did shock therapy bring to the Capatalist world?
Shock therapy policies generally include ending price controls, stopping government subsidies, moving state owned industries to the private sector and tighter fiscal policies, such as higher tax rates and lowered government spending. The term was popularized by Naomi Klein.
What is “the Shock Doctrine?
The Shock Doctrine is the basis of a 2009 documentary by the same name directed by Michael Winterbottom.
Where does Klein think the Shock Doctrine was applied?
Part 4 reports on how Klein thinks the shock doctrine was applied in Poland, China, South Africa, Russia, and the Four Asian Tigers. In Poland she discusses how the left-leaning trade union Solidarity won the country’s 1989 legislative elections, but subsequently employed the shock doctrine due to IMF pressure.
What is Naomi Klein’s shock therapy?
Naomi Klein gives a lecture tracing the confluence of ideas about modifying behavior using shock therapy and other sensory deprivation and modifying national economics using the “shock treatment” of Milton Friedman and the Chicago School. She moves chronologically: Pinochet’s Chile, Argentina and its junta, Yeltsin’s Russia, Bush and Bremer’s Iraq.