Monday, August 13, 2007

 

Free Market Fairies

by Atrios

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...

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