Book Shelf

The Shock Doctrine

This book is ripe with information and facts against the evils of capitalism

Purely cynical and unscholarly

The book is ripe with information and facts well in place making her argument against the evils of capitalism. The only problem is that the facts are twisted and distorted towards her bias. She portrays that governments and companies view disruptions like war, economic depression and natural disasters as opportunities to impose radical solutions which will benefit them. Each chapter is dedicated to a disrupted event and how these evil governments and corporations who are hand in glove with each other took advantage of the situation leaving behind the effected to continue to suffer. The term “disaster capitalism” is supposed to symbolize this culture.

This is a misinformed version of capitalism with a neophyte understanding of economics. The harsh criticism of Milton Friedman and others is not backed by any convincing argument or solution to the mishaps that followed in South America. Although she has done some appreciable work by highlighting what is definitely condemnable like “Experimental psychiatry and shock therapy” conducted by secret agencies and the military on their subjects, she conveniently interconnects this with the supposedly secret economic intentions of the United States and others to impose “Voodoo economics” on other countries for unknown reasons. The book is severely lacking in perspective. The conclusions which are arrived at are questionable and baseless.

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.

One Comment

Leave a Reply

Submit & Download
×
Submit & Download
×