Does the GOP Want a Government Default So It Can Kill Social Security?

Given the programs’ popularity, the only way to break Social Security and Medicare is an economic shock. It’s possible that manufacturing such a shock is behind Republicans’ refusal to raise the debt ceiling.

Speaker Vote

Speaker of the House Kevin McCarthy takes the gavel after securing the speakership on the fifteenth ballot on January 7, 2023. (Tom Williams / CQ-Roll Call, Inc via Getty Images)


Early in her seminal book The Shock Doctrine, Naomi Klein quotes influential right-wing economist Milton Friedman as saying, “Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. . . .  The politically impossible becomes politically inevitable.”

Friedman’s quote helps to explain the success of what Klein calls “disaster capitalism,” which she defines as “orchestrated raids on the public sphere in the wake of catastrophic events, combined with the treatment of disasters as exciting market opportunities.”

Most of the examples of disaster capitalism in The Shock Doctrine, first published in 2007, focus on crises in poorer countries, often violently manufactured by the US government or American corporations. Klein also examines in great detail how the Bush administration used the wars in Afghanistan and Iraq to privatize core functions of government and, more or less, create a new and lucrative “national security industry.”

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