Wardah Shahid

Ms Wardah Shahid is currently pursuing her Bachelor's in Peace and Conflict Studies from National Defence University, Islamabad. As a social science student, her focal points harbor critical analysis of the changing regional and global political dimensions.

The Shock Doctrine: The Rise of Disaster Capitalism

Written by Wardah Shahid 3:48 pm

In “The Shock Doctrine: The Rise of Disaster Capitalism”, Naomi Klein exposes the idea that neoliberal economic policies and unpopular free-market decisions (such as deregulation, privatization, and cuts in social spending) are implemented only at the time of crises or a ‘shock’. These shocks appear in the form of coups, terrorist attacks, economic meltdowns, wars, or natural disasters (i.e. tsunamis, hurricanes, and floods). A shock deliberately creates large, clean canvases for the economic technocrats to make policies and legislations which will inevitably transfer wealth and power (i.e. disaster privatization generating new markets) from the people (majority) to large corporations, global corporate elite, and corrupt governments (minority).
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