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Author Naomi Klein Discusses Bailout, Economy at Stanford $Naomi Klein in this undated file photo. Speaking at Stanford University's Kresge Auditorium on Thursday evening as part of the Aurora Forum, Klein minced no words. She insists that deregulating the financial system has created bubbles and busts, and she called the current $700 billion bailout, or rescue plan, a \"stickup.\" (Photo: Time.com)$ As public anxiety about the teetering economy deepens, author Naomi Klein is gaining listeners with her pronouncements on the failings of American-style capitalism. "We've been living in a fairy tale" that deregulation and privatization serve the common good, the author of "The Shock Doctrine: The Rise of Disaster Capitalism" said Thursday. Klein's book paints a dark, troubling picture of a form of capitalism that lets people in power cash in on chaos, catastrophes, wars and financial crises and snatch up lucrative contracts. Posted in Activism, Bailout

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Author Naomi Klein Discusses Bailout, Economy at Stanford

$Naomi Klein in this undated file photo. Speaking at Stanford University's Kresge Auditorium on Thursday evening as part of the Aurora Forum, Klein minced no words. She insists that deregulating the financial system has created bubbles and busts, and she called the current $700 billion bailout, or rescue plan, a \"stickup.\" (Photo: Time.com)$ As public anxiety about the teetering economy deepens, author Naomi Klein is gaining listeners with her pronouncements on the failings of American-style capitalism.

"We've been living in a fairy tale" that deregulation and privatization serve the common good, the author of "The Shock Doctrine: The Rise of Disaster Capitalism" said Thursday.

Klein's book paints a dark, troubling picture of a form of capitalism that lets people in power cash in on chaos, catastrophes, wars and financial crises and snatch up lucrative contracts.

Posted in Activism, Bailout