The Rise of Disaster Capitalism

The Nation by Naomi Klein | Mar. 1, 2006 (Special Report)

But if the reconstruction industry is stunningly inept at rebuilding, that may be because rebuilding is not its primary purpose. According to Guttal, "It's not reconstruction at all--it's about reshaping everything." If anything, the stories of corruption and incompetence serve to mask this deeper scandal: the rise of a predatory form of disaster capitalism that uses the desperation and fear created by catastrophe to engage in radical social and economic ... Full Story »

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Posted by: Posted by Jerry Best - May 28, 2006 - 2:30 PM PDT
Reviewed by: Jerry Best (review), Harley Griffin (review), Fabrice Florin (review)
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Fabrice Florin
2.7
 by Fabrice Florin - Oct. 1, 2008
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Jerry Best
5.0
 by Jerry Best - Oct. 1, 2008
Jerry posted this story.
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Harley Griffin
5.0
 by Harley Griffin - Oct. 1, 2008

Klein starts with a current news item ("Fittingly, a government devoted to perpetual pre-emptive deconstruction now has a standing office of perpetual pre-emptive reconstruction.") and expands it through the use of several sources and examples to show the big picture and its context to common trends in policy, politics, finance, and social order globally. Quoted sources include voices from victims, perpetrators, researchers, analysts, and U.S. Secretary of State Condoleezza Rice describing the tsunami as "a wonderful opportunity" that "has paid great dividends for us", and A group calling itself Thailand Tsunami Survivors and Supporters says that for "businessmen-politicians, the tsunami was the answer to their prayers, since ... More »

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