Tuesday, August 28, 2007

Perverted (state) capitalism -- A disgusting example

What the Bush administration has created in Iraq is a sort of paradise of perverted capitalism, where revenues are forcibly extracted from the customer by the state, and obscene profits arehanded out not by the market but by an unaccountable government bureauc­racy. This is the triumphant culmination of two centuries of flawed white-people thinking, a preposterous mix of authoritarian socialism and laissez-faire profiteering, with all the worst aspects of both ideologies rolled up into one pointless, supremely idiotic military adventure -- American men and women dying by the thousands, so that Karl Marx and Adam Smith can blow each other in a Middle Eastern glory hole. --The Great Iraq Swindle, How Bush Allowed an Army of For-Profit Contractors to Invade the U.S. Treasury, Rollingstone.com, From Issue 1034, Posted Aug 23, 2007 8:51 AM

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