Extreme right-wing trying aggressively to spread a myth that privatization is the ultimate solution to the Third-World countries economic problems, the same myth is also adopted by less-educated natives of these countries while the truth is upside down.
The majority of the people in Iraq are somewhere between the lower class and the middle class, those people would like to see greater state intervention– so that there is more balanced development rather than seeing few opportunists take all the wealth of the state.
Maybe privatization works in the west because of the well-developed infrastructure ( doesn’t work so perfectly…heavy economical crisis now and then) but it will never work in less-developed countries with already ruined economy.
A better example of what I am saying is Russia, sudden transformation from “the state owns everything” in the Soviet era into privatizing all assets in the country caused many economical problems, the result was:
Privatization in Russia was hijacked by Economy-Mafias who by are benefited from such policy and I have all the doubts that Russian economy will ever recover.
Privatization gives corporation the upper hand and strip the government down from it’s power, in the long run the government will function as “hub” linking all these corporations together and benefiting from each other…The government have the power.….corporations have the money (like invading countries just to put smiles on the faces of few fat cats).
It wouldn’t be an exaggeration to say that the US government is functioning as a huge corporation, notice also that most American politicians are/were/still big firms and companies CEO and managers).
To be continued …..