Monday, August 13, 2007
Free Market Fairies
by Atrios
These people are morons:
Understandable? Lordy...
These people are morons:
BAGHDAD, Aug 12 (Reuters) - Years of economic policy mistakes after the fall of Saddam Hussein left unemployed young Iraqis easy targets for recruitment by al Qaeda and other insurgents, a U.S. Defense Department official said on Sunday.
...
Brinkley said early economic planners had made the understandable mistake of assuming that a free market would rapidly emerge to replace what he described as Saddam's "kleptocracy", and create full employment.
This mistaken assumption led to a series of decisions which "sowed the seeds of economic malaise and fuelled insurgent sympathies" after industrial production collapsed and imports flooded in to replace locally made goods.
Understandable? Lordy...
Labels: free market fairies
# posted by David @ Monday, August 13, 2007 
