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Monday, September 22, 2003

Capitalism in Iraq
The good news is the US is planning to introduce free-market reforms to Iraq. Inviting the UN into the kitchen would surely make this more difficult, though. Summary:

U.S.-controlled Iraq (news - web sites), struggling to restore security, energy and water, told the world's leading financiers Sunday it would throw its economy open to foreign investors in every industry but oil.

More juicy stuff:
Iraq's finance minister, recently named by a half-way house Iraqi council itself picked by the United States to control post-war Iraq, unveiled a string of reforms that read like a free-market manifesto devised by Washington to sign off 30 years of Saddam Hussein (news - web sites) and the socialist Baath Party.

Yes, the SOCIALIST Baath Party. How did socialism get a rep for being enlightened? It's tyranny. Here is the US take:
"This isn't just a proposal -- this is the law, this is done. This was all signed yesterday," a U.S. official said. "You can make money in a country like Iraq," the official said. "You don't have to have everything be perfect to make money."

I think this is important news, so why is it that a search in Yahoo News for "Iraq AND capitalism" gets three hits? Seems slight to me.


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