2 chapters across the catalog
The potential for hyperinflation is discussed as a consequence of the government printing money to fund bailouts. The hosts explore the "Shock Doctrine" theory, suggesting that the next phase of the crisis will involve the privatization of public infrastructure like roads and tunnels as states run out of money.
Shock Doctrine, Naomi Klein, Katrina Economic Exploitation
The concept of the "Shock Doctrine," as defined by author Naomi Klein, is explored in relation to current economic events. The theory suggests that proponents of the Chicago School of Economics use large-scale disasters, such as Hurricane Katrina or the 2004 tsunami, to push through radical free-market policies while the public is in shock. Examples cited include the privatization of the New Orleans school system and the displacement of local fishermen for hotel development.
