iraq up for sale

Les Schaffer schaffer at
Sun Sep 21 19:39:07 MDT 2003

America puts Iraq up for sale
By Philip Thornton in Dubai and Andrew Gumbel
22 September 2003

Iraq was in effect put up for sale yesterday when the
American-appointed administration announced it was opening up all
sectors of the economy to foreign investors in a desperate attempt to
deliver much-needed reconstruction against a daily backdrop of
kidnappings, looting and violent death.

In an unexpected move unveiled at the meeting in Dubai of the Group of
Seven rich nations, the Iraqi Governing Council announced sweeping
reforms to allow total foreign ownership without the need for prior

The initiative bore all the hallmarks of Washington's ascendant
neoconservative lobby, complete with tax cuts and trade tariff
rollbacks. It will apply to everything from industry to health and
water, although not oil.

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