Fuck Yeah Noam Chomsky: WHAT DOES this withdrawal mean for U.S. plans for imposing free market capitalism on Iraq?
Without this troop presence, the U.S. State Department plans for neoliberalizing the economy of Iraq are fundamentally compromised.
The U.S. had planned to open up the Iraqi oil economy to multinational capital. For example, it had hoped to do extensive oil drilling in Anbar province, which was a center of resistance to the occupation. To do that effectively and safely, the oil companies would need U.S. military protection. Now without that force, the State Department is saying that it, won’t be safe and so U.S. officials are scaling back their plans for the continuing neoliberalization of Iraq’s oil industry and economy.
Even the New York Times reported recently that economic opportunities are shrinking and dying in Iraq, and Libya will instead be the next gold rush for American companies. The whole idea of opening Iraq to American and international capital investment is starting to look quite iffy. The bottom line is that this is an immense defeat for U.S. imperial efforts in Iraq.
Excerpt from Why the U.S. failed in Iraq.