![]() ![]() It is clear that history is repeating itself on a higher level / Image: public domain Klein published The Shock Doctrine after the 2008 financial crisis struck. In a recent interview she pointed out that airlines and the oil and gas industry are lining up for bailouts off the back of the coronavirus crisis, while ordinary people face the sack. Klein explains that, after the 2005 hurricane Katrina in New Orleans, or after the Septemattacks in New York, big business emerged stronger than ever, while ordinary people were left to pay for the crisis. And pharmaceutical companies are racing and wrangling for ownership over a future coronavirus vaccine and the potential profits it could bring. Supermarkets are raking it in as people panic buy, with some individual stores reporting daily sales up by 33 percent compared to the busy Christmas period. The National Health Service is renting beds from private hospitals at a cost of £2.4m per day. Parasites profiting from panicĪlready there are those profiteering from this crisis. As the scale of the COVID-19 crisis becomes clear, Klein and others are sounding the alarm that the shock doctrine is about to strike again. In it, she described ‘disaster capitalism’: a political approach to natural and man-made disasters that seeks to maximise private profit in their aftermath. ![]() Back in 2007, the activist author Naomi Klein wrote a book called The Shock Doctrine. ![]()
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