(POLICY) an extreme form of capitalism created in the immediate aftermath of a disaster. In some cases, as in Chile (1973), the disaster is a coup d'etat with the express purpose of imposing disaster capitalism. In other cases, such as the 2004 Indian Ocean tsunami, it is a genuine natural disaster that literally kills.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
After some disasters, the authorities in some countries may well respond by imposing "reforms" that would have been impossible before. These include: (1) privatization of public property, making it unavailable to the indigenous people; (2) arbitrary elimination of laws ("deregulation"); and (3) slashing democratically chosen programs that help ordinary citizens ("austerity programs").
The concept was popularized in Naomi Klein's excellent 2007 book, *The Shock Doctrine*.
"Disaster capitalism" is neoliberalism imposed undemocratically. It exploits natural disasters, civil wars, foreign invasions, coups d'etat, terrorism, or explicit deception. It always seeks to make its changes irreversible.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
Naomi Klein mostly blames the International Monetary Fund, but there are other culprits as well.
by Abu Yahya July 10, 2010
Get the disaster capitalism mug.A businessman who is looking to buy companies at giveaway prices, as opposed to venture capitalists.
"It's well known that the business is having major problems paying its bills, so I guess it won't be long before the vulture capitalists start circling."
by Harry Food Tech May 14, 2009
Get the Vulture Capitalist mug.Use of political favor, force, or position to benefit a for-profit business, but calling it "free-market". Similar to "mercantilism" from Colonial times, where the success of a business depended on the power of The Crown. Use of "crapitalism" is meant to be disparaging, but can also be used to show the difference between actual free market enterprises and those that depend on government support.
Dude A: "Those big Wall Street banks makin' all that smack when I ain't got a job is why capitalism sucks." Dude B: "Da big bankers work in crapitalism. They'd be out of business if it wasn't for all that help they get from The Man."
by scratchgolf November 16, 2009
Get the crapitalism mug.Social Capitalism makes reference to a highly collective, planed and centralised economical system whereby although contrast to Socialist economies..The ownership of private wealth and property are not prohibited....The value and worth however of ones labor, produce and property are determined not by the laborer owner of a property Commercial or noncommercial and the producer of goods..But rather these are entirely subject to regulative, predetermined and pre established values, Worth and measures sanctioned or approved by a highly centralised state authority. Social Capitalism, is effectively the middle stage of the transitional process when a Laissez-faire free market economy is transformed in to a Capitalist or Corporate economy.
Social Capitalism, reflects upon the transition of Americas early Laissez-faire free market economy in to a highly centralised planed economy, subject to the regulative and control of a centeralised and powerful state authority.
by Baron Neville January 14, 2016
Get the Social Capitalism mug.when a good or service is provided by two separate companies in partnership, and when something goes wrong company A tells you to reach out to company B and company B tells you to reach out to company A.
I went to Apple because I was having a problem with my iPhone and they told me I had to go to the AT&T store to fix it. I went to the AT&T store and they told me to go back to Apple. Typical scapegoat capitalism.
I ordered food on Uber Eats, but it never came. I called their customer service line and they told me to reach out to the restaurant. When I called the restaurant they told me I should reach out to my Uber Eats driver. True scapegoat capitalism at work.
I ordered food on Uber Eats, but it never came. I called their customer service line and they told me to reach out to the restaurant. When I called the restaurant they told me I should reach out to my Uber Eats driver. True scapegoat capitalism at work.
by truetreat August 14, 2022
Get the scapegoat capitalism mug.You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull.
Normal guy: "Dude, your company just took a crap but you just bought that mansion! How'd you do it?"
Douchebag CEO: "Capitalism."
Douchebag CEO: "Capitalism."
by DeskFlyer August 21, 2009
Get the Capitalism mug.Someone who is a working class citizen but still votes for politicians that support right wing economic policies. these policies go directly against the working class citizens best interests.
Spencer voted no on forming a union because he is a Cuck for Capitalism and said his union dues are money that could buy a PS5.
by CommiePussySlayer42069 June 2, 2021
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