Thursday, October 16, 2003

Privatisation vs democracy in Iraq

iraq > economics > plunder
An intersting note from Cairo's Al-Ahram. As if being invaded was not enough, plunder in the form of "free-market" policies designed to favour the plunder of all of Iraq's resources by the west are being implemented.

"But the new policies could prove controversial among the many Iraqis who have not aligned themselves with the US. Some Iraqi businessmen expressed concern that well- capitalised foreign firms will enjoy an unfair advantage and siphon profits out of the country. Most disquieting is the fact that the reforms read like a free-market manifesto devised by Washington to sign off more than 30 years of a socialist-oriented economy that provided millions of Iraqis with subsidised food and services, even through Saddam's costly wars and blunders. "

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