Gracelyn L. Angalao
2012-69864
SA 153
Shock Doctrine and Disaster Capitalism
Naomi Klein’s book entitled “The shock doctrine: The rise of disaster capitalism,” served as an eye-opener towards the unfortunate events that happened between various countries in the past. Klein also coined the term “disaster capitalism” to furthermore illustrate and describe the hidden truth behind the shock that spread throughout Chile, Iraq, Russia and many more. This paper shall focus on the two cases of Chile and Poland.
According to Klein (2007:81) the neo-liberal policies were first implemented in Chile through the help of Pinochet’s advisors known as the Chicago Boys. Klein explained that the start of counterrevolution opened up opportunities for the …show more content…
Klein (2007:175-181), narrated the events of crisis in Poland in which strikes and mass movements were executed by the Solidarity led by Lech Walsea in the course of wanting freedom and independence from communist parties. In the end the Solidarity’s efforts against The Communists paid off. The solidarity won with the price of an economic breakdown. In this momentous event, Sach’s work towards enforcing neo-liberal policies to Poland began. The Sachs Plan included privatization by means of selling off public ownerships, abolishment of price controls, and the limiting of subsidies among many others. With Sach’s promise of granting help through the means of securing money from IMF that can pay-off the accumulated debts, Poland finally succumbed to the terrors of shock therapy. At long last, Mazowiecky embraced the neoliberal policies by following the course of; state privatization, the birth of capital markets and stocks, manipulation of currencies and budget …show more content…
Klein (2007:191) explained that shock therapy was a stark contrast from the plans of the Solidarity. The shock therapy proposed by Sach met undesirable results because of the depression that swept over Poland. An irony from the communistic regime that was able to offer jobs for everybody. This particular plan of Sach had a lasting effect on Poland, for even though the economy showed signs of improvement, the unemployment rates showed high rates. With the failure of the shock therapy to fulfill its promises, Poland decided to put a stop to the terrible experiment. Thanks to the masses, taking action complete privatization in Poland was eventually stopped. What is important with Poland’s case is the usage of democracy and the action of the people in order to put an end to the horrors of what was known as shock therapy. Indeed, this is proof that with proper action and public demonstration, the voices of the people can serve as a fervent catalyst of change for many years to
2012-69864
SA 153
Shock Doctrine and Disaster Capitalism
Naomi Klein’s book entitled “The shock doctrine: The rise of disaster capitalism,” served as an eye-opener towards the unfortunate events that happened between various countries in the past. Klein also coined the term “disaster capitalism” to furthermore illustrate and describe the hidden truth behind the shock that spread throughout Chile, Iraq, Russia and many more. This paper shall focus on the two cases of Chile and Poland.
According to Klein (2007:81) the neo-liberal policies were first implemented in Chile through the help of Pinochet’s advisors known as the Chicago Boys. Klein explained that the start of counterrevolution opened up opportunities for the …show more content…
Klein (2007:175-181), narrated the events of crisis in Poland in which strikes and mass movements were executed by the Solidarity led by Lech Walsea in the course of wanting freedom and independence from communist parties. In the end the Solidarity’s efforts against The Communists paid off. The solidarity won with the price of an economic breakdown. In this momentous event, Sach’s work towards enforcing neo-liberal policies to Poland began. The Sachs Plan included privatization by means of selling off public ownerships, abolishment of price controls, and the limiting of subsidies among many others. With Sach’s promise of granting help through the means of securing money from IMF that can pay-off the accumulated debts, Poland finally succumbed to the terrors of shock therapy. At long last, Mazowiecky embraced the neoliberal policies by following the course of; state privatization, the birth of capital markets and stocks, manipulation of currencies and budget …show more content…
Klein (2007:191) explained that shock therapy was a stark contrast from the plans of the Solidarity. The shock therapy proposed by Sach met undesirable results because of the depression that swept over Poland. An irony from the communistic regime that was able to offer jobs for everybody. This particular plan of Sach had a lasting effect on Poland, for even though the economy showed signs of improvement, the unemployment rates showed high rates. With the failure of the shock therapy to fulfill its promises, Poland decided to put a stop to the terrible experiment. Thanks to the masses, taking action complete privatization in Poland was eventually stopped. What is important with Poland’s case is the usage of democracy and the action of the people in order to put an end to the horrors of what was known as shock therapy. Indeed, this is proof that with proper action and public demonstration, the voices of the people can serve as a fervent catalyst of change for many years to