EuroEconomica, Vol 29, No 3 (2011)

Abstract

Naomi Klein attempts to redefine the economic history discovering the historical continuities and to reveal the neoliberal theory which functions via the utilization of specific “tools”. The state of shock is the key for the opponents of Chicago School and Milton Friedman in order for them to establish neoliberal policies and to promote the deregulated capitalism which includes less welfare state, less public sector, less regulation, weakened labor unions, privatizations and laissez-faire. The thesis of Doctrine Shock explains how these radical policies dominated the global economy. They were not established through freedom and democratic procedures but as Naomi Klein states they needed crises, shocks and states of emergency.