{"id":28493,"date":"2017-12-02T10:03:19","date_gmt":"2017-12-02T15:03:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28493"},"modified":"2017-12-02T10:03:19","modified_gmt":"2017-12-02T15:03:19","slug":"jeffrey-sachs-still-promotes-disaster","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28493","title":{"rendered":"Jeffrey Sachs Still Promotes Disaster"},"content":{"rendered":"
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Jeffrey Sachs Still Promotes Disaster<\/a><\/h3>\n<\/div>\n<\/header>\n
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\nAmedeo Modigliani Elvira Resting at a Table <\/b>1919<\/center>Many of you are undoubtedly familiar with Naomi Klein\u2019s 2007 book \u201cThe Shock Doctrine: The Rise of Disaster Capitalism\u201d, in which she describes how neoliberalism, as developed by Milton Friedman and his Chicago School, wreaks often very brutal and bloody havoc upon societies under the guise of \u2018crisis as an opportunity for change\u2019, first in Latin America and later also in Eastern Europe.<\/p>\n

One of the most prominent actors in the book, the man behind the term \u2018shock therapy\u2019 for economies, is Jeffrey Sachs, a Harvard prodigy. In an interview at the time<\/a>, Klein had this to say:<\/p>\n

Q: You mention the shift from shock therapy to shock-and-awe, but there are also attempts to soften the image of neoliberalism. Jeffrey Sachs, the economist who pioneered shock therapy, wrote his latest book on The End of Poverty. Is there any more to this than a rebranding exercise?<\/b><\/i><\/p>\n

A: <\/b>A lot of people are under the impression that Jeffrey Sachs has renounced his past as a shock therapist and is doing penance now. But if you read The End of Poverty more closely he continues to defend these policies, but simply says there should be a greater cushion for the people at the bottom. The real legacy of neoliberalism is the story of the income gap. It destroyed the tools that narrowed the gap between rich and poor.<\/p>\n

The very people who opened up this violent divide might now be saying that we have to do something for the people at the very bottom, but they still have nothing to say for the people in the middle who\u2019ve lost everything.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

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Jeffrey Sachs Still Promotes Disaster Amedeo Modigliani Elvira Resting at a Table 1919Many of you are undoubtedly familiar with Naomi Klein\u2019s 2007 book \u201cThe Shock Doctrine: The Rise of Disaster Capitalism\u201d, in which she describes how neoliberalism, as developed by Milton Friedman and his Chicago School, wreaks often very brutal and bloody havoc upon societies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1670,16360,3316,279,10671,3318,1228,6996,13924,17303,5177,3138],"class_list":["post-28493","post","type-post","status-publish","format-standard","hentry","category-economics","tag-centralization","tag-diem25","tag-disaster","tag-eu","tag-jeffrey-sachs","tag-merkel","tag-naomi-klein","tag-neoliberalism","tag-raul-ilargi-meijer","tag-shock-therapy","tag-the-automatic-earth","tag-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28493"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28493\/revisions"}],"predecessor-version":[{"id":28494,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28493\/revisions\/28494"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}