September, 2008

Who's to Blame for all the Heartache? A Response to Anti-Capitalistic Mentalities after Katrina

  • Daniel D'Amico

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The wake of a natural disaster is a tumultuous setting. Resources are scarce, actions are quick, and emotions are high. Social commentators have often brought complaints against capitalism for promoting greed and selfishness during and after natural catastrophes. Most recently academics have introduced a unique perspective in addition to the more traditional criticisms. They claim that free market advocates have imposed capitalist theories and policies in the wake of crises to the detriment of traditional policies, preferred cultures, and democratically selected institutions. This paper investigates these claims.

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