Monday, September 22, 2003

The systematic pillaging of an entire nation

Iraq is now up for sale. The US-appointed governing council has announced a program of mass-privatisation, allowing foreign investors total ownership with no limits on the repatriation of profits. The only industry excluded is oil. Taxes have been reduced to an absurdly low level, with a tax-holiday until the end of the year.

This capitalist wet-dream removes any pretence that Iraq will be run for the benefit of Iraqis. Instead, the ground rules have been set to allow multinationals to buy essential services and screw monopoly profits out of impoverished Iraqis. It's the systematic pillaging of an entire nation...

I guess the Iraqi Resistance just got a really good reason to start blowing shit up and murdering foreign businessmen.