[PEN-L:32375] Re: Re: protection rents, part 1

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

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 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 the one to shell out for acquiescence to an unpopular war.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx