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Thursday, May 1, 2008

Klein: Birth of a New Economy

Naomi Klein’s The Shock Doctrine: The Rise of Disaster Capitalism (p. 381):

"So while the reconstruction of Iraq was certainly a failure for Iraqis and for U.S. taxpayers, it has been anything but for the disaster capitalism complex. Made possible by the September 11 attacks, the war in Iraq represented nothing less than the violent birth of a new economy. This was the genius of Rumsfeld’s ‘transformation’ plan: since every possible aspect of both destruction and reconstruction has been outsourced and privatized, there’s an economic boom when the bombs start falling, when they stop and when they start up again—a closed profit-loop of destruction and reconstruction, of tearing down and building up. For companies that are clever and far-sighted, like Halliburton and the Carlyle Group [now defunct], the destroyers and rebuilders are different divisions of the same corporations."

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