This is happening in a country that already has 4 million homeless refugees. Anyone can see that whole-scale privatization of government-built structures and institutions in the midst of a civil war or in the midst of an ongoing major refugee crises is insane! Mrs. Mohammed is on the mark when she criticizes the go-ahead green-zone model of Laissez-Faire political economics being produced in Iraq over the last few years. Meanwhile, instead of integrating women into both the political and economic process, women's rights have been constitutionally undermined over the last two years, according to the head of the Organization of Women's Freedom in Iraq.
Worse still, apparently the Iraqi government is taking out more loans from the World Bank at a time when Iraq's oil revenue is growing rapidly.
http://www.guardian.co.uk/commentisfree/2008/jul/04/oil.oilandgascompanies
LET ME TEACH YOU SOME HISTORY!
Recall how Mexico and Venezuela were encouraged to take out bank loans during their petroleum booms of the 1970s??? That led to a grave dislocation of the economies and severely skewed the redistribution of resources in both Mexico and Venezuela. Worse still, 4 decades have since passed and these huge international debts are still not paid off by either country--while the people in each land have suffered and had to undergo draconian Laissez-Faire government cut-backs.
http://www.country-data.com/cgi-bin/query/r-8735.html
Does the Green-Zone or the Iragi regime really want to turn Iraq into a permanent economic basket case--even though with all its petroleum, it should be an engine of development for the region? Here is an accurate description of what happens when laissez-faire takes over oil economies found in most any economic textbook as a case study:
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