Tuesday, March 15, 2011

Shattering the New Deal

For privatization, Friedman offered up health care, the post office, education, retirement pensions, even national parks. In sort, and quite unabashedly, he was calling for the breaking of the New Deal -- that uneasy truce between the state, corporations, and labor that had prevented popular revolt after the Great Depression. Whatever protections workers had managed to win, whatever services the state now provided to soften the edges of the market, the Chicago School counterrevolution wanted them back.
~ continued explanation of Milton Friedman's theory of capitalism from The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein ~
From this one paragraph -- divided between this post and the previous two -- we can see the basic formula that conservatives are utilizing today to try to transform the US from a nation with a vibrant middle class into a nation of rich feudal lords and tens of millions of serfs.

This brief series of posts began with this one.

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