Re: protection rents, part 1

2002-11-19 Thread Peter Dorman
It's beginning to look like, financially, Iraq II will be the opposite of Iraq I. Ten years ago, the US fought the war as a mercenary and was repaid by other capitalist powers; we ended up with an approximately $100B transfer on the current account. This time around, the US will have to be

Re: Re: protection rents, part 1

2002-11-19 Thread Michael Perelman
In both wars, the US shelled out before the war to bribe acquiescence, but Peter is correct -- it looks like the US will have trouble collected afterwards. On Tue, Nov 19, 2002 at 09:45:16AM -0800, Peter Dorman wrote: It's beginning to look like, financially, Iraq II will be the opposite of