Naomi Klein on the Bailout - An "Economic Patriot Act"

Complete video at: http://fora.tv/2008/10/16/Naomi_Klein_Disaster_Capitalism

Liberal journalist, author and filmmaker Naomi Klein criticizes the government's October 2008 "bailout" of the U.S. financial system, describing the bill as an economic version of the post-9/11 Patriot Act.

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From the devastation of Hurricane Katrina to the unending war in Iraq, award-winning journalist and New York Times bestselling author Klein chronicles the rise of free-market policies and how they have been used to capitalize on disaster.

Are the communities that have been struck by tragedy being manipulated by our current politics and economics for profitable gain?

Klein challenges the ideology of the free market revolution and argues that it is not a peaceful global movement - The Commonwealth Club of California

Naomi Klein is an award-winning journalist, author, and filmmaker. Her first book, the international bestseller No Logo: Taking Aim at the Brand Bullies, was translated into twenty-eight languages and called "a movement bible" by The New York Times. She writes an internationally syndicated column for The Nation and The Guardian and reported from Iraq for Harper’s Magazine. In 2004, she released The Take, a feature documentary about Argentina's occupied factories, co-produced with director Avi Lewis. She is a former Miliband Fellow at the London School of Economics and holds an honorary Doctor of Civil Laws degree from the University of King’s College, Nova Scotia.

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[Mjhavok]

This bailout stuff seems criminal to me.

[toolshed333]

"...one of the reasons why I am in favor of less government is because when you have more government, industrialists take it over..." - Milton Friedman

[romeoechomike369]

The greatest act of a revolutionary is to protect his home against illegal entry. They will come for your arms to take away this ability. If you give up your defense, you will be subject to unmerciful exploitation. When they can no longer pick your pockets economically, and they have nothing else to lose, they will inevitably resort to force. In making you poor, they have made themselves rich. Wealth is not "created,' it's simply shifted from your wallet to theirs.

[axe863]

@PerryLogan Im not a hardcore libertarian...but seriously what do you think limited govt means :P 

[axe863]

@Giovannisenzaterra I thought it would be hard to find someone crazier than Glenn Beck... then I found out about Chomsky....lol

[SuperGuitarman69]

The Democrats love to meddle in corporations. Healthcare, auto, you name it. They are criminals and charlatines and NOT ONE should be in office. Deregulation and a tax break to companies would keep them here and not go to China where the can do business and not get closed down like Chrysler because of the UAW crooked union that was the main cause of their demise. Tell me what good is a union IF YOU DON'T HAVE A JOB

[senorfarqueso]

@PerryLogan wow are you crazy? your post makes no sense. you obviously dont know anything about ayn rand's or free market ideas in general. rand and free market capitalists would be, and are, completely against bailouts. know what you are talking about before making stupid statements.

[iheartdd4eva]

Actually the people who crafted the bailout are the ones who actually regulate the market. Artificially low interest rates, inflation and boom-burst economic cycles are all created by a central bank, the greatest regulator of them all. Destabilize the economy, consolidate the wealth. Destabilize the economy, consolidate the wealth. That's the great economic cycle, with each concentric ripple getting bigger until the wealth of nations are consolidated under the international central bank.

[Giovannisenzaterra]

yes Chomsky is great

[flyhead2]

They still do.

[zeno57]

You dont think tim guiegtner [paulsons secsessor ] is thier man also ,he was the head of the new york fed.

[2pac4life7777]

cant agree more.....Chomskys on a different level.