First, governments must remove all rules and regulations standing in the way of the accumulation of profits. Second, they should sell off any assets they own that corporations could be running at a profit. And third, they should dramatically cut back funding for social programs.Something eerily familiar struck me after reading of this three-pronged plan. Doesn't that sound an awful lot like the current Tea Party program? Can you hear the echoes of Friedman in the proposals made by conservative governors across the land? Heck, for that matter, a lot of what President Obama has been saying lately sounds as if he is reading from this blueprint.
~ Explanation of Milton Friedman's theory of capitalism from The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein ~
If you think these notions sound bad, wait until the next posts as I complete the quotations from this brief section of Chapter 2.
This brief series of posts began with this one.
Interesting...the last proponent of MF I remember from many years ago was the owner of a medium sized general contracting business, who hated unions, who would not purchase health insurance for himself or anyone else. (Still they were kind, generous and independent...and wealthy.)
ReplyDeleteI don't know what you mean by "last proponent of MF." His proponents are everywhere in gov't today.
ReplyDeleteRand clones abound everywhere I look, and Uncle Milton was a big one.
ReplyDelete