Saturday, June 14, 2008

Concerns re: Obama's Economic Policies

Until I read "The Shock Doctrine", I never heard of Naomi Klein. But, her book was extraordinarily well written and documented. It was a convincing indictment of the Chicago School of Economics, per Milton Friedman.

She now writes that Obama has named top economic advisers who come out of this school personally or are supporters of a strong market economy, even if such results in negative effects of the population.

Until Obama is really faced with the presidential decisions that are required when facing options, we will not know exactly what we are electing. To be sure, many worry about this lack of specifics and his ability to be moderate in his rhetoric without being clear about his actual preferences.

I am hoping that his support of free trade, something that is good not only for our nation but other nations, will not result in his discounting the negative effects of trade policies that do not support human rights, environmental standards, and economic realities.

As she states, one can support free trade while focusing on its current imbalances. I am hoping that Obama will demonstrate such a focus during his administration.

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