[lbo-talk] China considers abating Iraq's debts by a big margin

Shane Mage shmage at pipeline.com
Sat Jan 3 20:37:40 PST 2004


Kevin Robert Dean asks:

"Anyone care to speculate why countries who were against this war are so quick to forgive debt?"

1.) Iraq will be in no position to pay anything

for a long time, if ever.

2.) Promises cost nothing, and may be worth

some little US quid pro quo.

3.) When debt negotiations finally open they

will be able to demand something real in

return, like payment in kind (oil).

4.) As capitalist states they are not going to

challenge the established international

order by pointing out the illegality and

illegitimacy of the US occupation of Iraq

and of its Iraqi Quislings.

Shane Mage

"Thunderbolt steers all things."

Herakleitos of Ephesos, fr. 64



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