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Monday, December 06, 2004

The real reason for the Iraq invasion

"On 19 September 2003 Paul Bremer promulgated Order 39, a "capitalist dream," according to The Economist. Two hundred state companies would be privatized, foreign firms can retain 100% ownership of Iraqi banks, mines, and factories, and 100% of the profits can be removed from Iraq. This was the charter of privatization ­ public companies became private, contracts were private, and all was up for sale. Order 39 promoted both privatization and globalization because foreign companies were now permitted to buy and invest in Iraq companies, repatriating 100% of their profits. The moment of invasion and occupation was accompanied by putting Iraq up for sale."

http://www.counterpunch.org/linebaugh11272004.html

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