[lbo-talk] Re: Parenti on ISG: we lost, time to leave

John Mage jmage at panix.com
Tue Dec 19 13:36:49 PST 2006


Yoshie wrote:


> Experts close to the industry say the country needs $20 billion to
>> $60 billion in capital investment if it is to recover its former
>> glory. That deficit alone practically insures future privatization--
>> or at least liberalization of participation by foreign firms and oil
>> majors.
>
> No one will probably invest in Iraq, for no one can pacify the
> country, for some time to come, so privatization is a moot question at
> this point, and those on the Left who mention it should do so only to
> score rhetorical points.

Hah! But my point was a good rhetorical point!

john mage



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