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Naomi Klein: The Bomb Has Yet to Detonate

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In this Bill Maher segment, Naomi Klein argues that by transferring Wall Street's gambling debt to Main Street (what she calls crybaby capitalism), the shock doctrine will come into play:

 

"They have moved the disaster from Wall Street to Main Street by accepting those debts....  But the bomb has yet to detonate.  The bomb is the debt that has now been transferred to the taxpayers.

 

"So it detonates when/if John McCain becomes president in the midst of an economic crisis, and says, 'Look! We're in trouble. We've got a disaster on our hands. We have to privatize social security. We can't afford health care. We can't afford food stamps. We need more deregulation, more privitization.'

 

"You know the thesis of the Shock Doctrine is that you need a disaster to rationalize pushing through these very unpopular policies.

 

"So, the real disaster has yet to come.  The real disaster is the debt that is going to explode on the American taxpayers.  And then they do economic shock therapy."

 

Andrew Sullivan, author of The Conservative Soul and writer for TheAtlantic.com, argues with her, unsuccessfully.  Klein retorts with, "This is socialism for the rich.  Look, if we're socializing things, let's nationalize something profitable.  Let's go for Exxon. They're socializing junk!"

 

 

 

In 2004, Rady Ananda joined the growing community of citizen journalists. Initially focused on elections, she investigated the 2004 Ohio election, organizing, training and leading several forays into counties to photograph the 2004 ballots. She officially served at three recounts, including the 2004 recount. She also organized and led the team that audited Franklin County Ohio's 2006 election, proving the number of voter signatures did not match official results. Her work appears in three books.

Her blogs also address religious, gender, sexual and racial equality, as well as environmental issues; and are sprinkled with book and film reviews on various topics. She spent most of her working life as a researcher or investigator for private lawyers, and five years as an editor.

She graduated from The Ohio State University's School of Agriculture in December 2003 with a B.S. in Natural Resources.

All material offered here is the property of Rady Ananda, copyright 2006, 2007, 2008, 2009. Permission is granted to repost, with proper attribution including the original link.

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According to Jason Linkins' Dirty Secret Of The Ba... by Rady Ananda on Monday, Sep 22, 2008 at 11:01:03 PM
The guy is rude, and think he is so smart, when he... by Rob Kall on Tuesday, Sep 23, 2008 at 9:38:18 AM
his arrogance was apparent when he asked Naomi Kle... by Rady Ananda on Tuesday, Sep 23, 2008 at 12:17:52 PM
If the laws, business owners of large scale, the w... by Jack Harrington on Tuesday, Sep 23, 2008 at 2:10:56 PM
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there is NO reason that the economic bomb wouldn&#... by Mark E. Smith on Tuesday, Sep 23, 2008 at 12:07:13 AM
Gotta love these bastards that blame the people fo... by Mr M on Tuesday, Sep 23, 2008 at 8:32:45 AM
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Submitting a ballot in a rigged electoral system i... by Jim Eldon on Tuesday, Sep 23, 2008 at 9:31:23 AM
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One: your vote has a 90% chance of not counting, e... by Mr M on Tuesday, Sep 23, 2008 at 9:33:43 AM
Naomi Klein makes her points, but then it's do... by Maxwell on Tuesday, Sep 23, 2008 at 8:53:39 AM
the way it's supposed to be.. both make their poin... by Rady Ananda on Tuesday, Sep 23, 2008 at 12:04:54 PM
As I write this, George W. Bush, The First Fool, i... by Tom Degan on Tuesday, Sep 23, 2008 at 9:31:38 AM
Was lit many years ago when we fell for Ronald Rea... by Ivan Hentschel on Tuesday, Sep 23, 2008 at 9:36:03 AM
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Ivan Hentschel wrote:Mark, you are very consistent... by Mark E. Smith on Tuesday, Sep 23, 2008 at 11:16:41 AM
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didn't work for me.... by Rady Ananda on Tuesday, Sep 23, 2008 at 7:01:53 PM
didn't work for me.... by Rady Ananda on Tuesday, Sep 23, 2008 at 7:04:49 PM
If true - this article points to an egregious McCa... by Cheryl Abraham on Tuesday, Sep 23, 2008 at 12:07:59 PM
Mark:Even if each and every American dec... by Munich on Tuesday, Sep 23, 2008 at 12:10:10 PM
 " No  State  shall  make... by Nemo on Tuesday, Sep 23, 2008 at 12:36:34 PM
It was very unusual for me to be watching MSM but&... by Margaret Bassett on Tuesday, Sep 23, 2008 at 1:05:56 PM
Margaret, I saw bits of Lou's show.. also on s... by M. Yeager on Tuesday, Sep 23, 2008 at 2:48:46 PM
and now the newly rebellious and contrite mainstre... by bucketslogg on Wednesday, Sep 24, 2008 at 3:00:10 AM
In their need to control all there is in preperati... by nightgaunt on Tuesday, Sep 23, 2008 at 2:31:21 PM
Starting with the TLFs, Bear Stearns, AIG, and eve... by pft on Tuesday, Sep 23, 2008 at 8:44:22 PM

 

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