Labour Laws Scrapped, Key Industries Sold Off: How Coronavirus is Being Exploited by the Indian State to Further Crony Capitalism

Rhea Malik is a law graduate and aspires to be a human rights advocate, journalist, and writer. She sees whooping potential in science fiction to describe reality, and maybe even tweak it a little. Her work has previously appeared in The Leaflet, Disrupted Journal for feminist foreign policy, Tint Journal, Mad in Asia-Pacific, and the Booker World Podcast.
Rhea Malik

Naomi Klein’s anti-capitalist manifesto, the Shock Doctrine (2007), observes through decades of coups d’état, hurricanes, massacres and tsunamis, that industrial capital has used these moments of shock and awe to pull the rug from underneath the public’s feet. Neoconservative economist Milton Friedman- may he turn in his grave- used the shock of the coup that installed Augusto Pinochet in Chile in 1973 to cut social spending and renegade Chile to hyperinflation. The shock of the United States backed coup in a country that had seen a century and a half of peaceful democracy and economic stability paved the way for an economic shock with ‘the free market trinity’: privatizing industries long held by the state, deregulating finance, and cutting welfare schemes. Chile’s economy spiraled, with unemployment rising from 3% to 20% in a year and inflation hitting the roof at 375%. 45% of the country soon fell below the poverty line, although 10% of the richest Chileans became much richer. Those who opposed the junta’s brutal ‘reforms’ were hunted down with yet another kind of shock: arrest, torture, and disappearance. Continue reading “Labour Laws Scrapped, Key Industries Sold Off: How Coronavirus is Being Exploited by the Indian State to Further Crony Capitalism”

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