Wardah Shahid

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).