OMFG!! Up next on CNN: Jeffrey Sachs and "Shock Treatment" for the US.

[mrreowwr_kittty]

Noooooooooooooooo!!!! :banghead:

Drop everything you are doing and read "The Shock Doctrine" if you haven't yet.

[nadinbrzezinski]

1. One reason they needed to pass that bill

I suspected this was next if this didn't happen

And if they go there... welcome to Chile

[MountainLaurel]

2. Oh dear

It's not like we didn't know that's what this is, but to hear it in such terms . . .

[ogneopasno]

3. Ah, the Joy of Sachs.

Welcome to 1992 all over again!

[Marie26]

4. Wow, did he actually use those terms? nt

[mrreowwr_kittty]

6. The CNN guy did and the words were on the screen.

He's coming up after the break.

[Marie26]

8. Great

Please let everyone knows what Sachs says.

[MadrasT]

5. No! Wait! Cube rat!

Feed the cube rats!!! Not on CNN live webstream...

[mrreowwr_kittty]

7. Jeffrey Sachs is coming up. nt

[The Traveler]

9. That man probably should be facing charges

for crimes against humanity. This is not good

[Subdivisions]

10. Could you please explain? I missed that segment. n/t

[The Traveler]

12. Well explained in the Shock Doctrine

Sachs was an economic "Shock Doctor". He played a big role in exporting "Washington Consensus" economics to the nations that split off from the expired Soviet Union and other countries. Sachs and other "Chicago Boy" economists gave direct advice and aid to repressive regimes that employed death squads and torture to enforce their "economic reforms". In that sense, Sachs could be said to have aided and abetted people who committed crimes against humanity. Such people are commonly referred to as "accessories".

It seems to me it would be fairly easy to charge Sachs and his brethren. It might be way difficult to obtain an actual conviction.

Trav

[Subdivisions]

13. I have 'The Shock Doctrine'. It pissed me off and I put it down and

haven't gotten back to it. I was more looking for an explanation of the CNN segment referenced in this thread.

I will finish reading the book soon.

[mrreowwr_kittty]

14. They keep saying he's coming up and then they talk about some other story.

I'm getting peeved. I was supposed to go to the gym a 1/2 hour ago.

[avaistheone1]

16. I imagine it will be relevant to the Shock Doctrine - Could this bailout be any better an example of

disaster capitalism that will profit the wealthy?

[AllieB]

17. Hasn't he had an epiphany recently?

I thought that was mentioned toward the end of 'The Shock Doctrine' or Naomi Klein may have mentioned it in an interview. I think Sachs realized the harm that he caused.

[mrreowwr_kittty]

21. He's definitely doing a lot of charity work and talking about poverty.

I'd heard the same thing. But for CNN to use that provocative headline was scary.

[malaise]

15. Good section here

http://www.naomiklein.org/shock-doctrine/resources/part3/chapter7

[The Traveler]

23. Yeah ... he was deeply involved in Bolivia

Yucky. How do guys like this manage to shave without puking in the mirror?

[mrreowwr_kittty]

11. They're yakking about medical flight crashes right now. nt

[malaise]

18. Sachs up now

Sounds like an IMF guru

[mrreowwr_kittty]

19. "Keep bank liquidity up"

Praising Ireland for guaranteeing all money in the banking statement. Avoid "self-fulfilling panic" i.e., runs on the banks. "We're nowhere near a Depression." Agrees with raising FDIC level. Wants money market funds to keep funding banks. Says he would have "held his nose and voted for it", re: the bailout. But we're going into a recession either way because of credit crunch. Says we should invest in mortgages that are going into foreclosure. All in all, didn't sound too bad. Maybe the "Shock Therapy" headline was used as an attention-getter.

[MadrasT]

20. Thanks

:hi:

[sixmile]

22. The neocons don't even hide it anymore

Friedman economics does not work in an open system. They cannot point to a single economy where it has.