The Shock Doctrine

The Washington Consensus, 1994
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John Williamson's manifesto of free market capitalism, with a number of bold pronouncements including "state enterprises should be privatized" and "barriers impeding the entry of foreign firms should be abolished."

How Citibank and JP Morgan Crafted Argentina’s Shock Therapy Program, January 2006
Link in Spanish
In this interview with the Lavaca Collective, historian Alejandro Olmos Gaona reveals that the banks JP Morgan and Citibank wrote Argentina’s shock therapy program. Accoreding to Gaona, the economic plan mandated, “ the privatization of utilities, the labor law reform, the privatization of the pension system. It is all laid out with great attention to detail.... one believes that the economic plan pursued since 1992 was Domingo Cavallo’s creation, but that’s not the way it is.”

“Interview with Arnold Harberger,” March 1999
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Arnold Harberger reflects on his legacy and on the prominent students he taught: “I think my number of ministers is now crossing 25, and I know my number of central bank presidents has already crossed a dozen.”

Interview with Domingo Cavallo, January 2002
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Argentina’s former Economy Minister discusses the impact of Argentina’s shock therapy measures, stating that 700,000 workers were fired during this period.