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Friday, May 09, 2003
The oil trustIn theory and in name, the oil trust idea is a good one. From Slate a few days ago: "An Iraqi [oil] trust, insulated from greedy politicians and the daily demands of government, could fund the best long-term investments the nation can make in itself." The ideal is a pool of money to hold oil profits for the Iraqi people, to keep some new leader from coming in and growing rich and corrupt off the country's natural resources. That includes, of course, the U.S. But as the Post reports it, in the proposal we're handing the U.N., "the proceeds would be placed in a trust fund controlled by the United States and its military allies." Never mind how that looks and sounds; opening such a catch-free revenue stream for ourselves, even temporarily, is one way to insure we'll stick around and meddle.
Of course, giving the U.N. control of the cash is just a way of encouraging other countries to stick around and meddle.
[sigh]
posted by Michael Scott Moore |
9:16 AM
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