Tag Archives: oligarchy

Can Iraq be saved?

Can Iraq be saved?

“Oil money pours in abundance to both the government budgetary allocations and the coffers of the feuding factions. The money allows the parties to guarantee funds to buy off opponents, and it helps maintain prosperity and supports a massive internal security apparatus. Iraq is experiencing what is called ‘conflict resources‘, a complex phenomenon which argues that while revenues from resources extracted in conflict zones may delay or stop the collapse of the state, it perpetuates the fighting. In other words, Iraq might be able to survive the chaos as long as oil prices remain high. Yet, there is no guarantee that different dynamics would not leave it in a freefall. “

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Chris Hedges: “America is a Tinderbox”

Chris Hedges: “America is a Tinderbox”

Quote from the interview

“And with the wealth given to us as Americans, we could have eradicated poverty. We could have created a country that was much different than what we have created. And what’s happening now is that we are being rapidly reconfigured into a kind of neo-feudal society, an oligarchic society where increasingly the bottom two-thirds of Americans are hanging on by their fingertips. You have a shrinking, diminishing middle class and an elite that is just making obscene amounts of money at our expense.” — Chris Hedges

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