Scribd Logo
Upload

Welcome to Scribd!

    • 52 views

    The Shock Doctrine: The Rise of Disaster Capitalism By: Naomi Klein

    Uploaded by

    Rosemarie Inojales
    The document summarizes key points from the film "The Shock Doctrine" about how disaster capitalism was used to impose neoliberal policies. It explains that shock doctrine was used by taking advantage of crises to quickly implement privatization, deregulation, and cuts to social services while populations were still reeling. The World Bank and IMF also played a role by providing loans to rebuild infrastructure, but then pressuring countries to adopt neoliberal reforms. Finally, it provides an example of how keeping wages low in the Philippines benefited foreign investors but hurt local workers and populations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Shock Doctrine: The Rise of Disaster Capitalism By: Naomi Klein

    Uploaded by

    Rosemarie Inojales
    52 views3 pages
    The document summarizes key points from the film "The Shock Doctrine" about how disaster capitalism was used to impose neoliberal policies. It explains that shock doctrine was used by taking advantage of crises to quickly implement privatization, deregulation, and cuts to social services while populations were still reeling. The World Bank and IMF also played a role by providing loans to rebuild infrastructure, but then pressuring countries to adopt neoliberal reforms. Finally, it provides an example of how keeping wages low in the Philippines benefited foreign investors but hurt local workers and populations.

    Original Description:

    shock doctrine

    Original Title

    neoliberalism

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document summarizes key points from the film "The Shock Doctrine" about how disaster capitalism was used to impose neoliberal policies. It explains that shock doctrine was used by taking advantage of crises to quickly implement privatization, deregulation, and cuts to social services while populations were still reeling. The World Bank and IMF also played a role by providing loans to rebuild infrastructure, but then pressuring countries to adopt neoliberal reforms. Finally, it provides an example of how keeping wages low in the Philippines benefited foreign investors but hurt local workers and populations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    52 views3 pages

    The Shock Doctrine: The Rise of Disaster Capitalism By: Naomi Klein

    Uploaded by

    Rosemarie Inojales
    The document summarizes key points from the film "The Shock Doctrine" about how disaster capitalism was used to impose neoliberal policies. It explains that shock doctrine was used by taking advantage of crises to quickly implement privatization, deregulation, and cuts to social services while populations were still reeling. The World Bank and IMF also played a role by providing loans to rebuild infrastructure, but then pressuring countries to adopt neoliberal reforms. Finally, it provides an example of how keeping wages low in the Philippines benefited foreign investors but hurt local workers and populations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Estopia, May Ann P.

    BSED SS 1-1D

    The Shock Doctrine: The Rise of Disaster Capitalism

    By: Naomi Klein

    1. Explain briefly how the shock doctrine, according to the film was used to impose neoliberal
    policies in developing countries like the Philippines?

    - Based on the film, shock doctrine was used to impose policies in developing countries by
    means of using force, stealth, and major crisis. It becomes their way to took advantage with the
    people and have a chance to implement neoliberalism policies such as privatization,
    deregulation, and cuts to social services. They used shock doctrine to put people who opposed
    with them in horror by causing major disasters and war. They also torture the people in public;
    they raped women and they have different chambers where people are put in there to die.

    They put people in “shock”, with this kind of situation; they can easily manipulate the people
    and impose neoliberal policies knowing that people can‟t do anything with it once it was
    implemented. People behind shock doctrine used it as a strategy where they will wait for a major
    crisis then when the crisis arise, they will take the opportunity to sell-off pieces of the state to the
    private players while the citizens were still on shock and they will make sure that the reforms
    will be permanent.

    2. According to the film, how are financial institution like World Bank and IMF are involved in
    the noise of disaster capitalism?

    - During disaster capitalism, World Bank (WB) and International Monetary Fund (IMF) lies in
    their respective purposes and functions. World Bank's goal is to reduce poverty by offering
    assistance to middle-income and low-income countries, while theThe IMF oversees the world's
    monetary system's stability.
    Since some countries like Iraq experieced a massive destructions with their prublic
    infrastructures because of war, the role of World Bank is to provide a financial and technical
    support for their economic sustainability and the role of IMF is to provide loans so that they can
    start rebuilding their damage infrastructures.

    3.Who are the winners and losers in an economic shock therapy? Give a specific example of
    neoliberal policy in the Phil. and demonstrate who the winners and losers of this neoliberal
    policy are in the Philippine context.

    - The winners in an economic shock therapy are those small group of people with luxurious
    lifestyle. Those people who have enough and more money can survive. While, those large
    sectors of people left with ecaying public infrastructure, declining incomes and increased
    unemployment.

    According to Walden Bello,a Filipino academic, environmentalist, and social worker who
    served as a member of the House of Representatives of the Philippines. Neoliberalism is a
    perspective that champions the market as the prime regulator of economic activity and seeks to
    limit the intervention of the state in economic life to a minimum. Neoliberalism in recent times
    has become identified with economics, given its hegemony as a paradigm within the discipline,
    that is, its excluding other perspectives as legitimate ways of doing economics.

    Neoliberalism‟s policy prescription is an almost exclusive reliance upon the market as the
    institution to be used for resource allocation and the goal of neoliberalism is to increase foreign
    investment (McCarthy 2007). Since the state is presumed to be inefficient, neoliberalism
    eschews any role for the state in responding to the needs of the populace (McCarthy 2007). For
    example, wages can be kept inordinately low to lure outside corporations and businesses to
    invest in the Philippines. Under the auspices of neoliberalism, major multilateral agencies such
    as the Asian Development Bank, World Bank, International Monetary Fund, and World Trade
    Organization, „have become increasingly aggressive in their willingness to look inside countries,
    evaluate their governance structures, and recommend both sweeping and highly specific
    changes‟ (McCarthy 2007, p. 40). These multilateral agencies have called for foreign investors in
    developing countries to be guaranteed parity rights and protections against expropriation, and to
    be allowed to freely move investment funds and profits into, and out of, a country as they wish
    (McCarthy 2007).

    https://www.researchgate.net/publication/313729191_Neoliberalism_in_the_Philippines

    You might also like