Liberttarianism: The Shock Doctrine By Friedrich Hayek

Libertarianism believe that to increase political and economic freedom and skepticism to government planning and authority. Friedrich Hayek is an Australian-Hungarian economist and defender of the libertarian ideology. He looks at the concepts of liberty through the idea that the market and competitions and the state is will only interfere in his idea of liberties. He believes that economic planning was very bad, because it did not allow for free markets. This can be seen when he talks about Germany and how Germany fell into Nazi Fascism. The idea of how dangerous state planning is can be seen in the quote, “in Germany it was largely people of good will who, by their socialist policies, prepared the way for the forces which stand for everything they …show more content…
With the use of shocks, Klein argues that government officials and leaders decided the economic state of different countries. The shock doctrine was created by University of Chicago scholar Milton Friedman, who was collogues with Hayek. This doctrine was implemented in countries like Chile, Argentina, Iraq, and the States. There are three imporant steps to the shock doctrine and changing a whole government and ideology of a country or area. A basic overview of the shock doctrine can be seen in the quote, “for three decades, Friedman and his powerful followers had been perfecting this very strategy: waiting for a major crisis, then selling off pieces of the state to private players while citizens were still reeling from the shock, then quickly making the “reform” permanent,” (Klein 2007:7). These three steps are essential to quickly changing an economic state without the people’s knowledge, since people are preoccupied. With the implementation of these steps, people do not have the freedom to choose their economic structure of government (Klein 2007). Looking closely at the first shock, something actually happen to create this