The Shock Doctrine

A Book Summary

Preface to the Summary

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The Shock Doctrine offers stunning facts and indicting historical events, adeptly strung together in a narrative of free market ideology and...
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My Epiphanies (three of many)

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1. Institutions like the US government, the World Bank, the World Trade Organization and the International Monetary Fund purposefully use th...
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The Driving Ideologies

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Klein describes free market ideology, championed by Michael Freedom and the Economics department at Chicago University, as a force growing i...
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The Analogy to Torture

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Klein introduces the reader to Ewen Cameron, a psychologist at the University of Mcgill who researched the effects of psychological trauma a...
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The Disaster Capitalism Cycle

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Klein weaves her narrative from 1960’s Brazil to present-day USA, with examples from around the world. The evidence all works to demonstrate...
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Green Zone Phenomenon

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Late in the narrative Klein takes us to the immaculate gated community of Sandy Springs, Georgia. This republican suburb north of Atlanta in...
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The Message to Take Home

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Inspired by Michael Friedman and Chicago School theories, powerful individuals and institutions – especially but not exclusively the IMF, th...
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1960’s Brazil

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In 1964 the US supported General Branco's Junta in Brazil, selling government firms and throwing the country open to foreign companies. ...
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1968 Indonesia

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General Suharto took power riding an anti-communist purge, supported by the US administration. The CIA gave Suharto a list of leftists and t...
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1970’s Chile

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Despite $1 million in bribes from the CIA, Salvador Allende was elected President of Chile on a platform of nationalizing key mining and tel...
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1970’s South America

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1976 Uruguay, Chile, and Brazil were all controlled by US-backed military governments implementing free market reforms. Argentina likewise ...
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1980's Debt Crises and the Volcker shock

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Klein gives the example of President Kissinger talking to the foreign minister under Argentina's dictatorship, eagerly suggesting Americ...
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1982 England

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A surprising leap takes us to 1982 England, led by a Thatcher who had loudly admired Chile's economic reforms under Pinochet. Klein decl...
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1988 Poland

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In Poland, by 1988, after 8 years of living in a police state, Lech Walesa finally gained power at the head of the Solidarity Party. A chari...
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1989 The Washington Consensus

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At almost the same time the ideology and practices perfected across these cases were put into words: the 1989 Washington Consensus, an agre...
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1990’s Canada

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And so, shortly thereafter, along these lines was created a brief financial crisis in Canada. Several intellectuals led by the Fraser Instit...
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1990’s South Africa

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The focus on reducing inflation and privatising held through South Africa's change of government in 1994. The new government under Mande...
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1990’s Russia

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As the Soviet Union collapsed, Boris Yeltsin gained control of Russia and took on a team of US funded, Harvard-led Chicago Boys, newly label...
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IMF Losing Credibility

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Furthering the subplot of Jeffrey Sachs, at a 1993 "transition and reform" meeting in Washington, Sachs surprised the gathered int...
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Fall of the Asian Tigers

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What followed next was the fall of the Asian Tigers. After rapid growth and racing economies through the 90's, suddenly Indonesia, Thail...
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Conflict of Private/Public Interest in the USA

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Back in the command centre of free market ideology (as Klein paints the picture), the USA, there had throughout all these enforced reforms, ...
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Post-September 11, 2001

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Klein moves along to the Age of Fear following September 11, 2001. The events of 9/11 were arguably somewhat enabled by cuts to the Airline ...
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The Second Iraq War

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The Iraq war is a shining and sickening example of the shock doctrine-disaster capitalism-free market complex. With the start of the war pro...
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The 2004 Tsunami, Southeast Asia

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Approximately 250,000 died as a result of the December 26th tsunami in Southeast Asia; national governments and private investors would quic...
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Hurricane Katrina, Louisiana

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In 2004 Louisiana had applied to the Federal Emergency Management Agency to develop a hurricane contingency plan, and were denied. Subsequen...
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Israel and the economy of war

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Klein suggests that, increasingly, private interests and even the global economy have become dependent on disaster and war, as through recen...
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Optimistic Conclusion: Increasing Awareness

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Klein brings up the selfish and sad reality of ‘green zones’ and suggests that more and more areas are being contested by private interest a...
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