Shock Doctrine: Take advantage of crises to ram through unpopular policies

Naomi Klein's "Shock Doctrine" is illustrated in this short video. The idea is that political leaders often take advantage of natural and manufactured crises--which cause many folks to become infantilized in response to the trauma--to ram through unpopular policies, quite often "free market" initiatives. Klein's idea has intrigued many, but also received mixed reviews from economists.

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Terrorist = a Muslim who commits violence

Glenn Greenwald points out that Americans are commonly persuaded and controlled through the use of vague terms. One example is the word "terrorism," which tends to be applied only where the person committing violence is a Muslim and not when non-Muslims commit comparable acts. A "militant" has come to mean any person who dies when an American weapon explodes. "Class warfare" and "Civil liberties" are other commonly used vague terms that are actually used as "tools for misleading political arguments." Another such vague term is "rule of law," which originally referred to the idea that "we are all equally bound to a common set of rules, regardless of power position, or prestige." It originally meant that "nobody is above the law or below the law." Citing the work of Thomas Carruthers, Greenwald noted that the biggest challenge is to prevent elites from living above the rule of law. The founding fathers, who personally "loved inequality," agreed that a central requirement for the new country is that everyone would comport with the law; without this requirement, they agreed that the country would not be "legitimate and just." Greenwald explained that with regard to "rule of law," things aren't working out so well in modern day America. The biggest problem is that "we no longer believe in the principle itself." With regard to journalists (see below), they now tend to be situated as insiders rather than outsider watchdogs who, in less dysfunctional times, embraced the motto: "Afflict the powerful, comfort the powerless." Greenwald has been out and about, promoting his new book, With Liberty and Justice for Some. For many additional videos of his talks, see here.

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The anatomy of a proposed settlement by Citigroup

Matt Taibbi dissects a proposed deal between the SEC and Citigoup, after Judge Jed Rakoff harpoons it:

In the deal, Citi made a $160 million profit, while its customers lost $700 million. . . . So to recap: a unit of Citigroup, having repeatedly violated the same laws and having repeatedly violated the SEC’s own cease-and-desist orders and injunctions, is dragged into court one more time for committing a massive fraud. And what does the SEC do? It doesn’t even bring up Citi’s history of ignoring the SEC’s own order, slaps the bank with a fractional fine, refuses to target any individuals, allows the bank to walk away without an admission of wrongdoing, and puts a cherry on the top by describing the $160 million heist not as a crime, but as unintentional negligence.

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Senate upholds FCC rules on net neutrality

This is a great development on the topic of net neutrality, reported by Free Press:

[T]he Senate rejected a motion to proceed on its "resolution of disapproval" of the Federal Communications Commission’s Net Neutrality rules. The resolution failed by a margin of 52–46. The measure was an effort by Senate Republicans to reverse the FCC’s December 2010 rules intended to prevent Internet service providers from blocking or discriminating against content and applications on the Web.
I had previously published articles urging the rejection of the "resolution of disapproval" at DI (and see here).

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