Tuesday, June 03, 2003

The Los Angeles Times reports that the US military administration in Iraq intends to lay off 10% of the country's workforce! This is in a country which has around 20% unemployment already. Well, hell, destroying jobs is working for the US economy, why not Iraq, too?

The Middle East is the region of the world least touched by globalization, and particularly by the major institutions of neoliberalism: IMF, World Bank, WTO. Now the US is going to do a structural adjustment number on Iraq without the IMF. Perhaps Paul Bremer should read the news about Peru before he gets carried away.

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