Milton Friedman, the lead theorist of the
Chicago School of
Economics for a half century, was
a staunch supporter of
that when an economy is highly
distorted, the only way to reach that
laissez-faire state was to deliberately inflict painful
shocks - like Ewen
Cameron and Adolf Hitler.
Only "bitter medicine"
could "clear" the economic distortions of
He envisioned de-patterned socialist societies returned a
state of a pure free market
cleansed of all government regulations, all trade barriers and all
entrenched corporate interests.
dreamed of a free market
state of "natural" health when all was in balance,
'interferences' interjected distorting patterns.
His quest was for
the purest possible form of "participatory democracy".
free market people
express free will through
Friedman's ideology promised "individual
freedom," a project that
elevates citizens above any collective enterprise and liberates them to express
free will through consumer choice.
Friedman's ideology appealed to
Corporate interests saw the idea of solidarity among
workers' gaining ground around the world and saw this ideology as a way to
John M. Olin, realizing this
would give ultimate power to
interests became a longtime funder of Milton Friedman's ideological crusade
and the largest single funder of corporate think tanks.
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 could lead - not in the current climate.
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.
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
The enormous benefit of
having corporate views funneled through academic, or quasi-academic,
institutions kept the Chicago School flush with donations and in short order
spawned a global network of
tanks supplying the counterrevolution's foot soldiers worldwide."- Naomi
In an 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
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
"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."
understood the importance of solidarity well, and they set out to shock that
impulse of social interconnectedness out of their prisoners.
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.
1931 Olin's purchase the Winchester
1944 Olin companies organized under
a new corporate parent, Olin Industries, Inc.
Industries and Mathieson Chemical merge to form the Olin
Mathieson Chemical Corporation.
35,000 employees, 46 domestic and
17 foreign plants.
1969 Olin 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 grows
and remains strong after the invasions of
2005 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
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