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View Diary: Book Review: Naomi Klein's "The Shock Doctrine" (208 comments)

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  •  What Are You Going To Do (7+ / 0-)

    The commentary discussed the fact that this book, which I have, has spread out the results of the policy but really doesn't or can't offer much in the way of a cure. As this web-site micro manages races for Senate and House and winning the next vote / election becomes the narrow focus, Klein makes us realize that there is a much bigger game going on out there. I hope all the thoughtful contributors to this most excellent Web Site, think a wee bit about what can be done. Is all politics local ?

    Lary Waldman

    •  Geez, doesn’t anyone have a stinking clue? (10+ / 0-)

      Here’s just off the top of my head.

      1. Withdraw from GATT. Reintroduce protective tariffs of 30 to 100 percent. You have to look back to the 1800s to see how effective tariffs are as a policy instrument.
      1. Rather than GATT, or any new round of trade talks, begin a series of bilateral and multinational agreements aimed at actual national development. For example, Panama wants to widen the Canal. The U.S. can supply capital and construction equipment for this project. Other projects would include a real trans-continental transportation system for Africa.
      1. Begin massive infrastructure projects in the U.S. For example, replace ALL public school buildings in the U.S. that are more than 15 years old, except those of architectural and historical significance, such as the Frank Lloyd Wright campus at Florida State. Build an underground high-speed rail system, first from Boston to Washington, then extend it to the Carolinas and Florida. Similarly along the West Coast. Personally, I would go for mag-lev systems. Replace the electrical grid, both generation and distribution. Start to address the $1.5 trillion shortfall in infrastructure MAINTENANCE identified by the American Society of Civil Engineers – no more collapsing bridges.
      1. Place heavy taxes on speculation. For example, the sale of any security (stock bond or derivative held less than a year should incur a ten percent transaction tax. This would demolish the hot-money games of trading trillions of dollars each day in foreign exchange, bonds, futures, etc.
      1. Tight, very TIGHT capital controls. Any capital leaving the country that does not have documented ties to an infrastructure project or the import or export of actual goods or services should be taxed at 20 percent or more, or what ever level is necessary to stop capital flight.
      1. A mergers and acquisitions tax.
      1. Reinstitute local control of news media laws, and break-up the communications oligopolies.

      Another good read, to see "how they did it" is Beckoning Frontiers, the memoirs of Marriner S. Eccles, the Chairman of the Federal Reserve under Franklin Roosevelt. Eccles details the policies implemented in response to the Great Depression, and to facilitate the industrial mobilization of World War Two. Published by Alfred E. Knopf, 1950. Frankly, I can see how anyone who hasn’t read this would be at a loss as to what to do.

      A conservative is a scab for the oligarchy.

      by NBBooks on Sun Oct 14, 2007 at 05:08:48 PM PDT

      [ Parent ]

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