the lead theorist of the Chicago School of Economics for a half century, was
a staunch supporter of
claimed that when an economy is highly
distorted, the only way to reach that perfect capitalist laissez-faire state was
to deliberately inflict painful shocks
- like Ewen Cameron
and Adolf Hitler. Only "bitter medicine" could clear
the economic distortions of ingrained
He envisioned de-patterned societies
returned a state of a pure free
market cleansed of all tradition, all government regulations, all trade
barriers and all entrenched corporate interests. Milton Friedman dreamed of
a free market state of "natural"
health, when all was in balance, before human 'interferences' created
distorting patterns. This is communism.
Milton Friedman defended his
ideas as a quest for the purest possible form of "participatory democracy" because in the
free market, "each man can vote,
as it were, for the color of tie he wants."
Chicago School of Economics
ideology promised "individual
freedom," a project that elevated citizens
above any collective enterprise and liberated them to express their free will
through consumer choice.
A large part of the appeal of
Chicago School of Economics
was that when the idea of solidarity among workers' was gaining ground around
the world, Chicago School of
Economics ideology provided
a way to defend the controlling
corporate interests by solidifying them behind the
idea that if they banded together behind
this common ideology the
workers' would be unable to force concessions.
Olin, realizing this would give ultimate power to
controlling corporate interests
became a longtime funder of Milton Friedman's
crusade and the largest single
funder of corporate think
revolution against laissez-faire was costing
the corporate sector dearly. Clearly what was needed to regain lost ground was
a counterrevolution against Keynesianism,
a return to a form of capitalism even less regulated than before the
Depression. This wasn't a crusade that Wall Street itself
could lead - not in the current climate. If Milton Friedman's close friend
Walter Wriston (BB,CFR),
head of Citibank, had come forward and
argued that the minimum wage and corporate taxes should both be abolished, he
naturally would have been accused of being a robber baron. That's where the
Chicago School came in. It quickly became clear that when Milton Friedman, a
brilliant mathematician and skilled debater, made those same arguments, they
took on an entirely different quality. They might be dismissed as wrongheaded
but they were imbued with an aura of scientific impartiality. The
enormous benefit of having corporate views funneled through academic, or
quasi-academic, institutions not only kept the Chicago School flush with
donations but, in short order, spawned the global network of
right-wing think tanks that would
supply the counterrevolution's foot soldiers worldwide."- Naomi Klein
attempt to upset the socialized state with political and economic shock therapy
the oligarchs of South America targeted leaders of unions, "disappeared"
community leaders and assassinated relgious leaders such as Padre Óscar
Arnulfo Romero y Galdámez.
Augusto Pinochet and his Latin American
compatriots attempted to heal their countries of
the sickness of socialism, of
the impulse toward collective action, by
cutting their gangrene corrupted arms off. They found out too late that you can
not get much done without your arms (labor).
"In testimony from truth
commission reports across the region, prisoners tell of a system designed to
force them to betray the principle most integral to their sense of self. For
most Latin American leftists, that most cherished principle was what
Argentina's radical historian Osvaldo Bayer called "the only transcendental
theology: solidarity." The torturers understood the importance of solidarity
well, and they set out to shock that impulse of social interconnectedness out
of their prisoners. Of course all interrogation is purportedly about gaining
valuable information and therefore forcing betrayal, but many prisoners report
that their torturers were far less interested in the information, which they
usually already possessed, than in achieving the act of betrayal itself. The
point of the exercise was getting prisoners to do irreparable damage to that
part of themselves that believed in helping
others above all else." - Naomi Klein
1898 Franklin Olin, along with his two
sons John M. and Spencer, form Western Cartridge Company.
1916 Olin's make a fortune supplying ammunition during World
War I under the brand name Western Cartridge Company.
Olin's purchase the Winchester Company.
companies organized under a new corporate parent, Olin Industries,
1954 Olin Industries and Mathieson Chemical
merge to form the Olin Mathieson Chemical Corporation. 35,000 employees, 46
domestic and 17 foreign plants.
Mathieson Chemical Corporation becomes Olin Corporation.
1980 Olin sells Winchester firearms to the firm's employees
under the name US Repeating Arms Company but continues manufacturing
2001 The ammunition business became
strong and remained strong after the invasions of Iraq, Afghanistan, Libya and
John M. Olin Foundation closes and so
did its father the Franklin W. Olin Foundation.
The New York-based John
M. Olin Foundation , grew out of a family manufacturing business (chemical and
munitions), funded right-wing "think
tanks" including the American
Enterprise Institute, the Heritage Foundation and the Manhattan Institute for
Public Policy Research.
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