Tag Archives | globalisation

The only possible system

4 June 2010 · Thinking · Comments { 3 }

Capitalism, we are told, is the only possible system. Anything else is impractical dreaming. Capitalism delivers prosperity, stability, growth… except when it doesn’t. The credit crunch is nothing new – remember the Asia currency crisis, the Russian debt crisis, Black Monday, Black Friday, Black Wednesday and all the rest? The March edition of New Internationalist [...]

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The Shock Doctrine

6 January 2008 · Reading · Comments { 2 }

New Left Review 48 carries an interesting review by Michael Hardt (co-author of “Empire”) of Naomi Klein’s new book The Shock Doctrine. Makes me want to read the book. Klein, according to Hardt, draws a parallel between the electric shock therapy of the 1950s and the neoliberal doctrine of economic shock therapy. Electric shocks to [...]

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