Blogs > Liberty and Power > U.S. SUPPORTS STATE-OWNED OIL INDUSTRY FOR IRAQ

Jan 7, 2004 4:29 pm


U.S. SUPPORTS STATE-OWNED OIL INDUSTRY FOR IRAQ






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Oscar Chamberlain - 1/8/2004

Politically, it would have been insane not to use a state-run oil company. Direct foreign control would be seen by many as confirming the charge that the US went in for the oil.

However, that begs the question of whether we should be imposing any economic model, whether liberal or Beatrice Web socialism.

From a practical political standpoint, imposing economic reforms makes us the villains whenever these reforms don't work.

From the standpoint of principle, I think respect for self-determination is more important. And self-determination must include the right to be wrong.