by Naomi Klein
25. Jeffrey Sachs, “Power Unto Itself,” Financial Times (London), December 11, 1997.
26. Michael Lewis “The World’s Biggest Going-Out-of-Business Sale,” New York Times Magazine, May 31, 1998.
27. Ian Chalmers, “Tommy’s Toys Trashed,” Inside Indonesia 56 (October–December 1998).
28. Paul Blustein and Sandra Sugawara, “Rescue Plan for Indonesia in Jeopardy,” Washington Post, January 7, 1998; Grenville, “The IMF and the Indonesian Crisis,” 10.
29. McNally, “Globalization on Trial.”
30. “Magic Arts of Jakarta’s ‘Witch-Doctor,’” Financial Times (London), November 3, 1997.
31. Susan Sim, “Jakarta’s Technocrats vs. the Technologists,” Straits Times (Singapore), November 30, 1997; Kahn, “I.M.F.’s Hand Often Heavy, a Study Says.”
32. International Monetary Fund, The IMF’s Response to the Asian Crisis, January 1999, www.imf.org.
33. Paul Blustein, “At the IMF, a Struggle Shrouded in Secrecy,” Washington Post, March 30, 1998; Martin Feldstein, “Refocusing the IMF,” Foreign Affairs, March–April 1998; Jeffrey Sachs, “The IMF and the Asian Flu,” American Prospect, March–April 1998.
34. South Korea went from 2.6 to 7.6 percent, Indonesia from 4 to 12 percent. Similar patterns occurred in the other countries. International Labour Organization, “ILO Governing Body to Examine Response to Asia Crisis,” press release, March 16, 1999; Mary Jordan, “Middle Class Plunging Back to Poverty,” Washington Post, September 6, 1998; McNally, “Globalization on Trial”; Florence Lowe-Lee, “Where Is Korea’s Middle Class?” Korea Insight 2, no. 11 (November 2000): 1; James D. Wolfensohn, “Opening Address by the President of the World Bank Group,” S ummary Proceedings of the Fifty-Third Annual Meeting of the Board of Governors (Washington, DC: International Monetary Fund, October 6–8, 1998), 31, www.imf.org.
35. “Array of Crimes Linked to the Financial Crisis, Meeting Told,” New Straits Times (Kuala Lumpur), June 1, 1999; Nussara Sawatsawang, “Prostitution—Alarm Bells Sound Amid Child Sex Rise,” Bangkok Post, December 24, 1999; Luz Baguioro, “Child Labour Rampant in the Philippines,” Straits Times (Singapore), February 12, 2000; “Asian Financial Crisis Rapidly Creating Human Crisis: World Bank,” Agence France-Presse, September 29, 1998.
36. Laura Myers, “Albright Offers Thais Used F-16s, Presses Banking Reforms,” Associated Press, March 4, 1999.
37. Independent Evaluation Office of the IMF, The IMF and Recent Capital Account Crises: Indonesia, Korea, Brazil (Washington, DC: International Monetary Fund, September 12, 2003): 42–43, www.imf.org; Grenville, “The IMF and the Indonesian Crisis,” 8.
38. Craig Mellow, “Treacherous Times,” Institutional Investor International Edition, May 1999.
39. Raghavan, “Wall Street Is Scavenging in Asia-Pacific.”
40. Rory McCarthy, “Merrill Lynch Buys Yamaichi Branches, Now Japan’s Biggest Foreign Broker,” Agence France-Presse, February 12, 1998; “Phatra Thanakit Announces Partnership with Merrill Lynch,” Merrill Lynch press release, June 4, 1998; United Nations Conference on Trade and Development, World Investment Report 1998: Trends and Determinants (New York: United Nations, 1998): 337; James Xiaoning Zhan and Terutomo Ozawa, Business Restructuring in Asia: Cross-Border M&As in the Crisis Period (Copenhagen: Copenhagen Business School Press, 2001), 100; “Advisory Board for Salomon,” Financial Times (London), May 18, 1999; “Korea Ssangyong Sells Info Unit Shares to Carlyle,” Reuters News, January 2, 2001; “JP Morgan—Carlyle Consortium to Become Largest Shareholder of KorAm,” Korea Times (Seoul), September 9, 2000.
41. Nicholas D. Kristof, “Worsening Financial Flu in Asia Lowers Immunity to U.S. Business,” New York Times, February 1, 1998.
42. Lewis, “The World’s Biggest Going-Out-of-Business Sale”; Mark L. Clifford, “Invasion of the Bargain Snatchers,” BusinessWeek, March 2, 1998.
43. United Nations Conference on Trade and Development, World Investment Report 1998, 336; Zhan and Ozawa, Business Restructuring in Asia, 99; “Chronology-GM Takeover Talks with Daewoo Motor Creditors,” Reuters, April 30, 2002.
44. Zhan and Ozawa, Business Restructuring in Asia, 96–102; Clifford, “Invasion of the Bargain Snatchers.”
45. Alexandra Harney, “GM Close to Taking 67% Stake in Daewoo for $400M,” Financial Times (London), September 20, 2001; Stephanie Strom, “Korea to Sell Control of Banks to U.S. Investors,” New York Times, January 1, 1999.
46. Charlene Barshefsky, “Trade Issues with Asian Countries,” Testimony before the Subcommittee on Trade of the House Committee on Ways and Means, February 24, 1998.
47. “International Water—Ayala Consortium Wins Manila Water Privatization Contract,” Business Wire, January 23, 1997; “Bechtel Wins Contract to Build Oil Refinery in Indonesia,” Asia Pulse news agency, September 22, 1999; “Mergers of S. Korean Handset Makers with Foreign Cos on the Rise,” Asia Pulse news agency, November 1, 2004; United Nations Conference on Trade and Development, World Investment Report 1998, 337; Zhan and Ozawa, Business Restructuring in Asia, 96–99.
48. Zhan and Ozawa, Business Restructuring in Asia, 96–102; Robert Wade and Frank Veneroso, “The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex,” New Left Review 228 (March-April 1998).
49. “Milton Friedman Discusses the IMF,” CNN Moneyline with Lou Dobbs, January 22, 1998.
50. In 1995, the suicide rate was 11.8 per 100,000 people; in 2005 it was 26.1 per 100,000, an increase of 121 percent. World Factbook 1997 (Washington, DC: Central Intelligence Agency, 1997); World Factbook 2007, www.cia.gov; “S. Korea Has Top Suicide Rate among OECD Countries: Report,” Asia Pulse news agency, September 18, 2006; “S. Korean Police Confirm Actress Suicide,” Agence France-Presse, February 12, 2007.
51. United Nations Human Settlements Program, 2005 Annual Report (Nairobi: UNHABITAT, 2006), 5–6, www.unchs.org; Rainer Maria Rilke, Duino Elegies and the Sonnets to Orpheus, trans. A. Poulin Jr. (Boston: Houghton Mifflin, 1977), 51.
52. “Indonesia Admits to Rapes during Riots,” Washington Post, December 22, 1998.
53. “The Weakest Link”; Thomas L. Friedman, The Lexus and the Olive Tree (New York: Farrar, Straus and, Giroux, 1999), 452–53.
54. “The Critics of Capitalism,” Financial Times (London), November 27, 1999.
55. Fischer, Commanding Heights; Blustein, The Chastening, 6–7.
14. Shock Therapy in the U.S.A.: The Homeland Security Bubble
1. Tom Baldwin, “Revenge of the Battered Generals,” Times (London), April 18, 2006.
2. Reuters, “Britain’s Ranking on Surveillance Worries Privacy Advocate,” New York Times, November 3, 2006.
3. Daniel Gross, “The Homeland Security Bubble,” Slate.com, June 1, 2005.
4. Robert Burns, “Defense Chief Shuns Involvement in Weapons and Merger Decisions to Avoid Conflict of Interest,” Associated Press, August 23, 2001.
5. John Burgess, “Tuning in to a Trophy Technology,” Washington Post, March 24, 1992; “TIS Worldwide Announces the Appointment of the Honorable Donald Rumsfeld to its Board of Advisors,” PR Newswire, April 25, 2000; Geoffrey Lean and Jonathan Owen, “Donald Rumsfeld Makes $5M Killing on Bird Flu Drug,” Independent (London), March 12, 2006.
6. George W. Bush, “Bush Delivers Remarks with Rumsfeld, Gates,” CQ Transcripts Wire, November 8, 2006.
7. Joseph L. Galloway, “After Losing War Game, Rumsfeld Packed Up His Military and Went to War,” Knight-Ridder, April 26, 2006.
8. Jeffrey H. Birnbaum, “Mr. CEO Goes to Washington,” Fortune, March 19, 2001.
9. Donald H. Rumsfeld, “Secretary Rumsfeld’s Remarks to the Johns Hopkins, Paul H. Nitze School of Advanced International Studies,” December 5, 2005, www.defenselink.mil; Tom Peters, The Circle of Innovation (New York: Alfred A. Knopf, 1997), 16.
10. Information on the next 2 pages is drawn from Donald H. Rumsfeld, “DoD Acquisition and Logistics Excellence Week Kickoff—Bureaucracy to Battlefield,” speech made at the Pentagon, September 10,
2001, www.defenselink.mil.
11. Carolyn Skorneck, “Senate Committee Approves New Base Closings, Cuts $1.3 Billion from Missile Defense,” Associated Press, September 7, 2001; Rumsfeld, “DoD Acquisition and Logistics Excellence Week Kickoff.”
12. Bill Hemmer and Jamie McIntyre, “Defense Secretary Declares War on the Pentagon’s Bureaucracy,” CNN Evening News, September 10, 2001.
13. Donald Rumsfeld, “Tribute to Milton Friedman,” Washington, DC, May 9, 2002, www.defenselink.mil; Milton Friedman and Rose D. Friedman, Two Lucky People: Memoirs (Chicago: University of Chicago Press, 1998), 345.
14. Friedman and Friedman, Two Lucky People, 391.
15. William Gruber, “Rumsfeld Reflects on Politics, Business,” Chicago Tribune, October 20, 1993; Stephen J. Hedges, “Winter Comes for a Beltway Lion,” Chicago Tribune, November 12, 2006.
16. Greg Schneider, “Rumsfeld Shunning Weapons Decisions,” Washington Post, August 24, 2001; Andrew Cockburn, Rumsfeld: His Rise, Fall, and Catastrophic Legacy (New York: Scribner, 2007), 89–90; Randeep Ramesh, “The Two Faces of Rumsfeld,” Guardian (London), May 9, 2003; Richard Behar, “Rummy’s North Korea Connection,” Fortune, May 12, 2003.
17. Joe Palca, “Salk Polio Vaccine Conquered Terrifying Disease,” National Public Radio: Morning Edition, April 12, 2005; David M. Oshinsky, Polio: An American Story (Oxford: Oxford University Press, 2005), 210–11. FOOTNOTE: Carly Weeks, “Tamiflu Linked to 10 Deaths,” Gazette (Montreal), November 30, 2006; Dorsey Griffith, “Psychiatric Warning Put on Flu Drug,” Sacramento Bee, November 14, 2006.
18. Knowledge Ecology International, “KEI Request for Investigation into Anticompetitive Aspects of Gilead Voluntary Licenses for Patents on Tenofivir and Emtricitabine,” February 12, 2007, www.keionline.org.
19. John Stanton, “Big Stakes in Tamiflu Debate,” Roll Call, December 15, 2005.
20. Information in the next two paragraphs is drawn from T. Christian Miller, Blood Money: Wasted Billions, Lost Lives and Corporate Greed in Iraq (New York: Little, Brown and Company, 2006), 77–79.
21. Joan Didion, “Cheney: The Fatal Touch,” The New York Review of Books, October 5, 2006.
22. Dan Briody, Halliburton Agenda: The Politics of Oil and Money (New Jersey: John Wiley & Sons, 2004), 198–99; David H. Hackworth, “Balkans Good for Texas-Based Business,” Sun-Sentinel (Fort Lauderdale), August 16, 2001.
23. Antonia Juhasz, Bush Agenda: Invading the World, One Economy at a Time (New York: Regan Books, 2006), 120.
24. Jonathan D. Salant, “Cheney: I’ll Forfeit Options,” Associated Press, September 1, 2000.
25. “Lynne Cheney Resigns from Lockheed Martin Board,” Dow Jones News Service, January 5, 2001.
26. Tim Weiner, “Lockheed and the Future of Warfare,” New York Times, November 28, 2004. FOOTNOTE: Jeff McDonald, “City Looks at County’s Outsourcing as Blueprint,” San Diego Union-Tribune, July 23, 2006.
27. Sam Howe Verhovek, “Clinton Reining in Role for Business in Welfare Effort,” New York Times, May 11, 1997; Barbara Vobejda, “Privatization of Social Programs Curbed,” Washington Post, May 10, 1997.
28. Michelle Breyer and Mike Ward, “Running Prisons for a Profit,” Austin American-Statesman, September 4, 1994; Judith Greene, “Bailing Out Private Jails,” The American Prospect, September 10, 2001; Madeline Baro, “Tape Shows Inmates Bit by Dogs, Kicked, Stunned,” Associated Press, August 19, 1997.
29. Matt Moffett, “Pension Reform Pied Piper Loves Private Accounts,” Wall Street Journal, March 3, 2005.
30. “Governor George W. Bush Delivers Remarks on Government Reform,” FDCH Political Transcripts, Philadelphia, June 9, 2000.
31. Jon Elliston, “Disaster in the Making,” Tucson Weekly, September 23, 2004.
32. Joe M. Allbaugh, “Current FEMA Instructions & Manuals Numerical Index,” Testimony of Federal Emergency Management Agency Director Joe M. Allbaugh before the Veterans Affairs, Housing and Urban Development and Independent Agencies Subcommittee of the Senate Appropriations Committee, May 16, 2001.
33. John F. Harris and Dana Milbank, “For Bush, New Emergencies Ushered in a New Agenda,” Washington Post, September 22, 2001; United States General Accounting Office, Aviation Security: Long-Standing Problems Impair Airport Screeners’ Performance, June 2000, page 25, www.gao.gov.
34. National Commission on Terrorist Attacks upon the United States, The 9/11 Commission Report: Final Report of the National Commission on Terrorist Attacks Upon the United States, 2004, page 85, www.gpoaccess.gov.
35. Anita Manning, “Company Hopes to Restart Production of Anthrax Vaccine,” USA Today, November 5, 2001.
36. J. McLane, “Conference to Honor Milton Friedman on His Ninetieth Birthday,” Chicago Business, November 25, 2002, www.chibus.com.
37. Joan Ryan, “Home of the Brave,” San Francisco Chronicle, October 23, 2001; George W. Bush, “President Honors Public Servants,” Washington, DC, October 15, 2001.
38. George W. Bush, “President Discusses War on Terrorism,” Atlanta, Georgia, November 8, 2001.
39. Harris and Milbank, “For Bush, New Emergencies Ushered in a New Agenda.”
40. Andrew Bacevich, “Why Read Clausewitz When Shock and Awe Can Make a Clean Sweep of Things?” London Review of Books, June 8, 2006. FOOTNOTE: Scott Shane and Ron Nixon, “In Washington, Contractors Take on Biggest Role Ever,” New York Times, February 4, 2007.
41. Evan Ratliff, “Fear, Inc.,” Wired, December 2005.
42. Shane and Nixon, “In Washington, Contractors Take on Biggest Role Ever.”
43. Matt Richtel, “Tech Investors Cull Start-ups for Pentagon,” Washington Post, May 7, 2007; Defense Venture Catalyst Initiative, “An Overview of the Defense Venture Catalyst Initiative,” devenci.dtic.mil.
44. Ratliff, “Fear, Inc.”
45. Jason Vest, “Inheriting a Shambles at Defense” Texas Observer (Austin), December 1, 2006; Ratliff, “Fear, Inc.”; Paladin Capital Group, “Lt. General (Ret) USAF Kenneth A. Minihan,” Paladin Team, December 2, 2003, www.paladincapgroup.com.
46. Office of Homeland Security, National Strategy for Homeland Security, July 2002, page 1, www.whitehouse.gov; Ron Suskind, The One Percent Doctrine: Deep Inside America’s Pursuit of Its Enemies Since 9/11 (New York: Simon & Schuster, 2006); “Terror Fight Spawns Startups,” Red Herring, December 5, 2005.
47. United States House of Representatives, Committee on Government Reform—Minority Staff, Special Investigations Division, Dollars, Not Sense: Government Contracting Under the Bush Administration, Prepared for Rep. Henry A. Waxman, June 2006, page 5, www.democrats.reform.house.gov; Tim Shorrock, “The Corporate Takeover of U.S. Intelligence,” Salon, June 1, 2007, www.salon.com; Rachel Monahan and Elena Herrero Beaumont, “Big Time Security,” Forbes, August 3, 2006; Central Intelligence Agency, World Fact Book 2007, www.cia.gov; “US Government Spending in States Up 6 Pct in FY’03,” Reuters, October 7, 2004; Frank Rich, “The Road from K Street to Yusufiya,” New York Times, June 25, 2006.
48. Monahan and Herrero Beaumont, “Big Time Security”; Ratliff, “Fear, Inc.”
49. The figure comes from Roger Cressey, a former Bush counterterrorism official now President of Good Harbor Consulting. Rob Evans and Alexi Mostrous, “Britain’s Surveillance Future,” Guardian (London), November 2, 2006; Mark Johnson, “Video, Sound Advances Aimed at War on Terror,” Associated Press, August 2, 2006; Ellen McCarthy, “8 Firms Vie for Pieces of Air Force Contract,” Washington Post, September 14, 2004.
50. Brian Bergstein, “Attacks Spawned a Tech-Security Market That Remains Young Yet Rich,” Associated Press, September 4, 2006.
51. Mure Dickie, “Yahoo Backed on Helping China Trace Writer,” Financial Times (London), November 10, 2005; Leslie Cauley, “NSA Has Massive Database of Americans’ Phone Calls,” USA Today, May 11, 2006; “Boeing Team Awarded SBInet Contract by Department of Homeland Security,” press release, September 21, 2006, www.boeing.com.
