Naomi Klein: How Socialism Protected Chileans from Earthquake Fall-out

[marmar]

via AlterNet:




The Nation / By Naomi Klein

Naomi Klein: How Socialism Protected Chileans from Earthquake Fall-out
Wall Street Journal columnist makes an attempt to rewrite history that Chile's "free-market" dictator Augusto Pinochet can be thanked for preventing destruction there.

March 4, 2010 |


Ever since deregulation caused a worldwide economic meltdown in September 2009 and everyone became a Keynesian again, it hasn't been easy to be a fanatical fan of the late economist Milton Friedman. So widely discredited is his brand of free-market fundamentalism that his followers have become increasingly desperate to claim ideological victories, however far-fetched.

A particularly distasteful case in point. Just two days after Chile was struck by a devastating earthquake, Wall Street Journal columnist Bret Stephens informed his readers that Milton Friedman's "spirit was surely hovering protectively over Chile" because, "thanks largely to him, the country has endured a tragedy that elsewhere would have been an apocalypse.... It's not by chance that Chileans were living in houses of brick--and Haitians in houses of straw--when the wolf arrived to try to blow them down."

According to Stephens, the radical free-market policies prescribed to Chilean dictator Augusto Pinochet by Milton Friedman and his infamous "Chicago Boys" are the reason Chile is a prosperous nation with "some of the world's strictest building codes."

There is one rather large problem with this theory: Chile's modern seismic building code, drafted to resist earthquakes, was adopted in 1972. That year is enormously significant because it was one year before Pinochet seized power in a bloody U.S-backed coup. That means that if one person deserves credit for the law, it is not Friedman, or Pinochet, but Salvador Allende, Chile's democratically elected socialist President. (In truth many Chileans deserve credit, since the laws were a response to a history of quakes, and the first law was adopted in the 1930s). .............(more)

The complete piece is at: http://www.alternet.org/story/145897/naomi_klein%3A_how_socialism_protected_chileans_from_earthquake_fall-out

[malaise]

1. Bwaaaaaaaaaaaah hahahahahahahhaha

Bret Stephens you are PWNED by Naomi Klein. :rofl: :rofl:
What made the Stephens article even more ridiculous is that Haiti has no codes because it has been run by US backed dictators for decades. There is no hint of social democracy, let alone socialism in Haiti.

Get thee to the greatest. Excellent article.

[malaise]

2. We should send this to Rachel

I'm sure Naomi would destroy this fool live for the world.

[marmar]

3. I just emailed it to her site.

nt

[malaise]

6. Get thee to the greatest page

:hi:

I love this thread.

[Echo In Light]

4. K&R

[customerserviceguy]

5. Sorry, but I agree with the WSJ here

Building codes are wonderful, but since every country has them, it's enforcement that becomes the key as to whether or not they're effective.

Clearly, Chile has come a long way in the last 30-35 years, and the bribery of inspectors that occurs in so many developing economies doesn't seem to have occurred here. Yes, I'm appalled at the methods Pinochet used to establish and maintain his rule, but the Chilean people have enjoyed an economic system that has allowed them to prosper. Name another country in the same period that has come as far.

[malaise]

7. Then clearly you didn't read Klein's response

and you know nothing about Chile. Bottom line - Stephens lied.

[customerserviceguy]

9. I read it, I just didn't agree with it

While Stephens used some hyperbole to make his point, the fact is, Chile had a healthy enough economy to keep inspectors from being bribed to approve substandard buildings. I allow that might well be from Chile's experience with earthquakes, but regardless, the Chilean economy came very far, relatively fast.

Again I ask, can you point to an economy that did as well during the same period of time?

[malaise]

8. Kick for the evening crowd n/t