May 8, 2013

Disaster Capitalism Strikes as Hedge Funds Circle Near-Bankrupt Municipalities Like Vultures | Common Dreams

Disaster Capitalism Strikes as Hedge Funds Circle Near-Bankrupt Municipalities Like Vultures | Common Dreams
"In Detroit, a once bustling city at the center of the US economy, the hedge fund vultures are circling.
But first, a moment of background, employing Naomi Klein's contemporary classic The Shock Doctrine, which tells the story of how purveyors of aggressive capitalism take advantage of crises and public vulnerability in order to push through neoliberal policies and profit-motivated financial arrangements."