What is the Free Market?
How do you see the Free Market?
The following two videos have opposing views.
Milton Freidman The Pencil
How does Milton Friendman think the pencil describes the processes of the Free Market?
Does Friedman see the Free Market a system which will have positive or negative effects on the world?Why?
Naomi Klein The Shock Doctrine
Make sure you watch the video which is 6 minutes and 53 seconds.
Watch the video as many times as you need to and answer the following questions:
- What was Shock Treatment originally used for?
- How did the CIA use this treatment?
- What are the effects for the treatments?
- Why people more like to be obedient after they have been ‘shocked’?
- What does Naomi Klein believe happens after a society or country experiences a ‘shock’?
- What kinds of shocks can a society experience?
- What is Milton Friedman’s views on society and economy?
- How can economists use the free market, according to Naomi Klein?
- What is Noami Klein’s believe about the free market?
- Is shock permanent? Can you resist shock?
Now you have watched the two videos; which side do you think is more convincing? Do you see any problems in their arguments?
Note down any new words in your vocabulary dictionary.
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