Sunday, June 15, 2008

Another Reason to Worry About Obama


I have said it before, I hope Obama wins the U.S. presidency more for what that would say about the American people and state of race relations in the U.S., than because of his specific policies. Now Naomi Klein gives us more reason to worry that Obama may be another Clinton on economic policy. More left than the Republicans, but basically centre-right on any world wide scale.

Her remarks appear in the Guardian. Her central point is that Obama has surrounded himself with economic advisers from the "Chicago School" once famously championed by Milton Freidman. These are the same people who brought us Pinochet, IMF "restructuring", "free trade", the "Wisconsin Plan" (aka workfare & lower welfare and Unemployment Insurance rates), and the economic regimes of Mike Harris and Benyamin Netanyahu. They are anti regulation and fanatically pro "unfettered" markets: "economic efficiency" uber-alles, and let the chips fall where they may.

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