Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

For Sale: Iraq

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 09:06 AM
Original message
For Sale: Iraq
America puts Iraq up for sale
By Philip Thornton in Dubai and Andrew Gumbel
22 September 2003

"Iraq was in effect put up for sale yesterday when the American-appointed administration announced it was opening up all sectors of the economy to foreign investors in a desperate attempt to deliver much-needed reconstruction against a daily backdrop of kidnappings, looting and violent death."

Terms of sale for American businesses include:

" 100 per cent foreign ownership in all sectors except natural resources;
direct ownership as well as joint ventures and setting up branches;
full, immediate remittance to the host country of profits, dividends, interest and royalties.

Privatisation of everything from electricity and telecommunications to pharmaceuticals and engineering could see hundreds of previously state-owned companies sold off.

There will be a tax holiday for the rest of this year, and income and business taxes for investors will be capped at 15 per cent from next year.

Trade tariffs will be slashed to show that Iraq is a "country that embraces free trade". A 5 per cent surcharge will be levied on all imports, other than humanitarian goods such as food, medicine and books, to fund the reconstruction effort. "

What a deal!
Printer Friendly | Permalink |  | Top
Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 09:08 AM
Response to Original message
1. Cheap labour for WalMart
Think of the EZ labour market starve people long enough, they will work for anything.
Wait..thats my town. Never mind.
Printer Friendly | Permalink |  | Top
ewagner Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-03 09:15 AM
Response to Original message
2. Thought I was hearing things
Edited on Mon Sep-22-03 09:16 AM by ewagner
I saw a 10 second blurb on this on CNN last night but there hasn't been any commentary from anybody.

Some interesting points:

All Sectors except "natural resources (spelled: oil) are up for sale. This is probably because of the lucrative government contracts to Brown and Root. Can't have competitive bidding now can we?

Information was released on Sunday before Bush speaks to UN Dollars to donuts this will show up in Bush's speech as an example of how well things are going in Iraq. Or, in the alternative, Bush will have to give up some control in Iraq in order to get his measly, watered down resolution and wants to "fast-track" his total privatization plan for his investor-class buddies before control is lost.

Anybody els have any comments?

edited because I can't fing spell

This is really big stuff............
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Oct 20th 2017, 04:53 PM
Response to Original message
Advertisements [?]

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC