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2024-11-09 03:35:48 UTC
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Now at @aj@gts.sadauskas.id.au on Nostr: This pattern has been repeatedly seen across the UK, Australia, and New Zealand, ...

This pattern has been repeatedly seen across the UK, Australia, and New Zealand, which went all in on privatisation in the '80s and '90s.

A variation was used across Eastern, Central, and Northern Europe following the fall of Soviet Russia.

It's a pattern Milton Friedman *explicitly* advocated for.

And it's a pattern Naomi Klein describes really well in her book shock doctrine:

"I used the term “shock doctrine” to describe the brutal tactic of using the public’s disorientation following a collective shock – wars, coups, terrorist attacks, market crashes or natural disasters – to push through radical pro-corporate measures, often called “shock therapy.

...

"The research showed that virtually any tumultuous situation, if framed with sufficient hysteria by political leaders, could serve this softening-up function. It could be an event as radical as a military coup, but the economic shock of a market or budget crisis would also do the trick."

https://www.theguardian.com/us-news/2017/jul/06/naomi-klein-how-power-profits-from-disaster