Blog | Events | Multimedia | Forums | About | Purpose | Programs | Publications | Staff | Contact | Join   
     Login      Register    





Subscribe to: Monthly newsletter Daily news feed Changesurfer Radio Blog feeds



Technoprogressive? BioConservative? Huh?
Quick overview of biopolitical points of view


whats new at ieet
Metaphysics of Science

Life Inc. video dispatches and audiobook available

Blackford and Schuklenk interviewed about 50 Voices

How to Redesign our Communities for the Internet Age

Don’t become a Cyborg by Accident (literally) - It can be Fatal

From Space, Watts, Bits, and Dreams

Transhumanism F.A.Q. : Is Aging A Moral Good?

Postapocalyptic Gardens

The Difficult Questions of ‘Personhood’

7th European Conference on Computing And Philosophy


comments

J.D. on 'Do We have a Right to DNA Evidence in Trials?' (Jul 4, 2009)

EmbraceUnity on 'How to Redesign our Communities for the Internet Age' (Jul 4, 2009)

Y on 'Technological Revolutions: Ethics and Policy in the Dark' (Jul 4, 2009)

fairyhedgehog on 'The Difficult Questions of 'Personhood'' (Jul 4, 2009)

Forrest Higgs on 'How to Redesign our Communities for the Internet Age' (Jul 3, 2009)








Also check out technoprogressive multimedia on Thoughtware.tv


Subscribe to IEET News Lists

Daily News Feed

Longevity Dividend List

Catastrophic Risks List

Biopolitics of Popular Culture List

Technoprogressive List

Trans-Spirit List





IEET > Security > Rights > Economic > Vision > Technoprogressivism

PrintEmailpermalink • (2) CommentsDiscuss in Forums subscribe


The Death of the Market Cult



Naomi Klein

Democracy Now!


Posted: Oct 13, 2008


As the world reels from the financial crisis on Wall Street and the taxpayer-funded $700 billion bailout, we spend the hour with Naomi Klein on the economy, politics and “disaster capitalism.” The Shock Doctrine author recently spoke at the University of Chicago to oppose the creation of an economic research center named after the University’s most famous economist, Milton Friedman. Klein says Friedman’s economic philosophy championed the kind of deregulation that led to the current crisis.  Real Video Stream - Real Audio Stream - MP3 Download


Listen/View


PrintEmailpermalinkDiscuss in Forums • Send to: ¡ del.icio.us icon ¡ Digg icon


COMMENTS


"Klein says Friedman’s economic philosophy championed the kind of deregulation that led to the current crisis". Really, deregulation caused the current crisis? So, which kind of regulation would have prevented it and why the regulatory agencies that existed never detected a crisis coming? Warren Buffett said a bit about the results of OFHEO regulation of Fannie & Freddie http://www.marginalrevolution.com/marginalrevolution/2008/10/regulation-a-di.html. The facts say: we had regulation, it sucked, so the conclusion is a failure of deregulation? This kind of pseudo0-science is the worst kind, its based on lies and misrepresentation: want to build a case for regulation, then show an example of regulation that would work, propose measurements that will show that it will work and are falsifiable, otherwise the regulation isn't better than a anti-tiger amulet.



I've got a piece of regulation for you, which would have prevented this crisis, it's in the U.S. Constitution. I'm not saying the need for elastic money supply would never outgrow the constitution, but I am saying that a bubble-system based on money being created out of thin-air through debt not only allowed this to happen, but implied it by necessity. The market cult may be over, but a real free market never existed as long as the means of exchange was forced by law on a state-endorsed (yet private) monopoly. My current theory is that fiat money is a centuries long practical joke designed by 18th century magicians, as a way of gradually goading an entire global population into enlightenment through the realization that all value originates in our brains.



YOUR COMMENT

Name:

Email:

Location:

Remember my personal information

Notify me of follow-up comments?

Please enter the word you see in the image below:




Next entry: Nick and Milan on anthropic principle in new collection

Previous entry: Future Bioethics

HOME | ABOUT | FELLOWS | STAFF | EVENTS | SUPPORT  | CONTACT US
SECURING THE FUTURE | LONGER HEALTHIER LIFE | RIGHTS OF THE PERSON | ENVISIONING THE FUTURE
CYBORG BUDDHA PROJECT | JOURNAL OF EVOLUTION AND TECHNOLOGY

RSSIEET Blog | email list | newsletter | Podcast
The IEET is a 501(c)3 non-profit, tax-exempt organization registered in the State of Connecticut in the United States.

Contact: Executive Director, Dr. James J. Hughes,
Williams 229B, Trinity College, 300 Summit St., Hartford CT 06106 USA 
Email: director @ ieet.org     phone: 860-297-2376