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Reed Richardson — Media Ignoring Puerto Rico’s ‘Shock Doctrine’ Makeover

Summary:
Nearly five months after Hurricane Maria struck Puerto Rico, more than a hundred thousand US citizens there still lack clean drinking water, and almost one-third of the island has no reliable electric power. As initial life-sustaining recovery efforts still grind toward completion, Puerto Rico’s Gov. Ricardo Rosselló has wasted no time using his territory’s recovery as an opportunity to push a number of policy proposals right out of the “disaster capitalism” playbook: from privatizing the island’s power utility to converting nearly all of its public schools to charters. And while the mainstream US press has been mainly focused on the Trump administration’s woeful institutional response to the storm, it has barely noticed this much more radical political transformation of Puerto Rico,

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Nearly five months after Hurricane Maria struck Puerto Rico, more than a hundred thousand US citizens there still lack clean drinking water, and almost one-third of the island has no reliable electric power. As initial life-sustaining recovery efforts still grind toward completion, Puerto Rico’s Gov. Ricardo Rosselló has wasted no time using his territory’s recovery as an opportunity to push a number of policy proposals right out of the “disaster capitalism” playbook: from privatizing the island’s power utility to converting nearly all of its public schools to charters.
And while the mainstream US press has been mainly focused on the Trump administration’s woeful institutional response to the storm, it has barely noticed this much more radical political transformation of Puerto Rico, and the potentially disastrous long-term consequences for the citizens who live there.
Ever since Maria made landfall on September 20, the corporate press has been neglecting the island in its coverage. Despite ranking second behind 2005’s Hurricane Katrina for property damage and lives lost, Maria has drawn markedly less media attention than the two major hurricanes that preceded it last summer.…
… under the “shock doctrine,” disasters are to be exploited, not mitigated—and the main role of the corporate press is not to notice.
FAIR
Media Ignoring Puerto Rico’s ‘Shock Doctrine’ Makeover
Reed Richardson

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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