Naomi Klein: Wall St. Crisis Should Be for Neo-Liberalism What Fall of Berlin Wall Was for Communism : Indybay

The credit crunch is spreading to financial markets around the world. Nearly 160,000 jobs were lost here in the United States in September, and that"s not including losses directly resulting from the financial meltdown. Wall Street might be breathing a little easier since Congress passed the $700 billion dollar bailout plan on Friday, but there are no signs of an easy or quick recovery.

Today we take a look back at the economic philosophy that championed the kind of deregulation that led to this crisis. We spend the hour with investigative journalist and author Naomi Klein. She is the bestselling author of “The Shock Doctrine.”

Naomi Klein spoke at the University of Chicago last week. She was invited by a faculty group opposed to the creation of an economic research center called the Milton Friedman Institute. It has a $200 million dollar endowment and is named after the University"s most famous economist, the leader of the neoliberal Chicago school of economics.

Naomi Klein, journalist and author of the books “The Shock Doctrine: The Rise of Disaster Capitalism” and “No Logo.”

Naomi Klein: Wall St. Crisis Should Be for Neo-Liberalism What Fall of Berlin Wall Was for Communism

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