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View Full Version : VIDEO: Next Stage of US Occupation Economic Colonization of Iraq led by IMF .( Gene



butterfly
05-27-2010, 03:00 PM
THIS WAS FOUND BY SFCDIAZ ON DV.


VIDEO: Next Stage of US Occupation Economic Colonization of Iraq led by IMF .( General Analysis on Iraq ) .
Picture Credit: iraqtradeunions.org
In an interview with The Real News, Amjad Ali, the international representative for the Iraq Freedom Congress, speaks about the new kind of economic occupation which will ensue in Iraq in the wake of the withdrawal of US combat forces. Earlier this year, the IMF approved a $3.6 billion loan to Iraq which comes with a stringent set of conditions, including a massive privatization campaign and a significant decrease in public spending. According to Ali, almost 80% of Iraq's production is in the public sector; public companies put up for sale will be snatched up by Iraq's elite, creating greater economic inequalities and aggravating the unemployment problem in Iraq. As public spending begins to be cut, the dwindling social safety measures in Iraq, such as a food stamps program initiated in the 1990s, have already begun to take a hard hit

http://www.globalpolicy.org/home/168-general/49148-video-next-stage-of-us-occupation-economic-colonization-of-iraq-led-by-imf.html