http://www.guardian.co.uk/comment/story/0,3604,1112024,00.htmlNaomi Klein
Tuesday December 23, 2003
The Guardian
The US position has been that wiping out debts would be a dangerous precedent (and rob Washington of the leverage it needs to push for investor-friendly economic reforms). So why is Bush so concerned that "the future of the Iraqi people should not be mortgaged to the enormous burden of debt"? Because it is taking money from "reconstruction", which could go to Halliburton, Bechtel, Exxon and Boeing.
It has become popular to claim that the White House has been hijacked by neo-conservative ideologues in love with free-market dogma. I'm not convinced. If there's one thing the Wolfowitz/Baker dust-ups make clear, it's that the ideology of the Bush White House isn't neo-conservatism, it's old-fashioned greed. There is only one rule that appears to matter: if it helps our friends get even richer, do it.
Seen through this lens, the seemingly erratic behaviour coming out of Washington starts to make a lot more sense. Sure, Wolfowitz's contract-hogging openly flouts free-market principles of competition. But it does have a direct benefit for the firms closest to the administration. Not only are they buying a debt-free Iraq, but they won't have to compete with their corporate rivals in France and Germany.
The entire reconstruction project defies more neo-con tenets, sending this year's US deficit to a cartoonish $500bn, with plenty handed out in no-bid contracts, creating the kind of monopoly that allowed Halliburton to overcharge by an estimated $61m for importing gasoline into Iraq. Those looking for ideology in the White House should consider this: for the men who rule our world, rules are for other people. The powerful feed ideology to the masses like fast food while they dine on that most rarefied delicacy: impunity.
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