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Disaster theories and the crisis: the peak oil case

Author(s): Takis Fotopoulos

Journal: International Journal of Inclusive Democracy
ISSN 1753-240X

Volume: 7;
Issue: 2/3;
Start page: 7;
Date: 2011;
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Keywords: peak oil crisis | disaster theories | plot theories | systemic analysis

In the midst of the worst crisis in memory affecting the lower income groups in the “affluent” North (EU, North America), while the “growth bubbles” of the South (China, India, Brazil and the rest) are about to burst (as their rapid growth has always been dependent on their full integration into the internationalized market economy, which is now entering a period of prolonged recession, if not depression of a 1930’s scale), several disorienting approaches about its causes have flourished. Most of them were around for some time, like Naomi Klein’s conspiracy theory (The Shock Doctrine[1], massively promoted by the world media for obvious reasons), according to which neoliberalism is the result of policies designed by ‘bad’ economists (Friedman, Chicago School, etc.) and implemented by the corresponding ‘bad’ politicians (Thatcher, Reagan and the like), resulting in the transformation of a relatively ‘good’ capitalism before into the present ‘monstrous’ neoliberal capitalism.
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