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Carving up the Libya Corpse for Profit

By       Message Stephen Lendman       (Page 1 of 6 pages)     Permalink    (# of views)   3 comments

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Carving up the Libya Corpse for Profit - by Stephen Lendman

Libya is Western states latest profit center.

On September 1, dozens of predator states met in Paris to pick apart Libya's bones even though it's breathing, if barely.

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We've seen it before, notably in Iraq under Paul Bremer's 100 orders that turned the country into a cutthroat capitalist laboratory. Baghdad was open for business at fire sale prices with US and other Western firms having first dibs on everything.

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The "cradle of civilization" became Iraq, Inc., a wholly owned subsidiary of corporate predators. The Iraq that was no longer exists.

A wish list of economic laws followed. Corporate taxes dropped from 45% to a flat 15%. Foreign companies got to own 100% of Iraqi assets and be able to repatriate all profits back home. Import restrictions ended, and investors could sign 40-year deals and leases so no future governments could change them.

Destruction, invasion, occupation, and reconstruction made Iraq a bold new experiment, transforming a once independent country into a fully privatized new market with a huge pot of public money helping at the expense of Iraqis left out entirely.

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It was pure pillage, a classic example of war spoils to victors, taking full advantage of their new prize, backed by hardline enforcement to crush resistance.

As a result, mass arrests, aggressive interrogations, torture, other mistreatment, and death squads traumatized and cowed a shattered people. Iraq was erased and rebooted. For investors, a corporate utopia followed. For Iraqis, however, it's been a hellish dystopia.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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