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Re: Greenspan: the Iraq war was largely about oil
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Re: Greenspan: the Iraq war was largely about oil
- From: Louis Proyect <lnp3@xxxxxxxxx>
- Date: Sun, 16 Sep 2007 10:26:52 -0400
- User-agent: Thunderbird 2.0.0.6 (Windows/20070728)
sartesian wrote:
This is the same guy who endorsed Charles Keating for a charter from the
FSLC; same guy who stated that the Asian currency assaults were just the
markets self-correcting; same guy who literally weeks before the
collapse of LTCM testified in Congress that such hedge funds were
subject to such intense scrutiny and oversight by their investors and
banks that regulatory intervention was unnecessary; same guy who...
well, you get the point....
Actually, the war *was* about oil. In fact, Iraq was initially created
in an effort to control oil.
When you say oil do you mean oil as a "use-value," or as a commodity and
the profit obtained from production of oil as a commodity?
Both obviously since all commodities have use value. At least that's the
way that I understand Marx. You can only sell things that have use
value, excepting of course Celine Dion CD's.
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