Sunday, December 07, 2008

A Truer View of History Shows the Way

The New Yorker catches up with Naomi Klein, author of the Shock Doctrine, who muses about bailout capitalism and "our progressive moment":
The New Deal is usually told as a history of F.D.R., she said, but we don’t talk enough about the pressure from below. Neighborhoods organized, and when their evicted neighbors’ furniture was put on the streets they moved it back into their homes. It was that kind of direct action that won victories like rent control, public housing, and the creation of Fannie Mae. The other thing that’s important to remember, she said, is that the organizers were a threat—of socialist revolution—and it was that which allowed F.D.R. to say to Wall Street, “We have to compromise, or else we’ve got a revolution on our hands.” Now, these market shocks are opportunities for the same reason that the crash was in the thirties, because we are seeing the failures of laissez-faire before our eyes. “It’s time to say, ‘Your model failed,’” she said. “This is a progressive moment: it’s ours to lose.”

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