Interesting essay from FT today.
Surge or no surge, it’s extremely doubtful the U.S. occupation can ultimately produce a successful Iraq—a stable, unitary, democratizing state at peace with its neighbors. The surge is merely the most preliminary precursor to this intended outcome, and even Petraeus admits that it could all come undone overnight. [...]
This is hardly the fault of Petraeus, a brilliant general tasked with a nearly impossible mission. Building a decent political order in Iraq has always been something of a fantasy. Even if Petraeus somehow succeeds in bringing violence down to a manageable level, it may be generations before Iraq becomes the “dramatic and inspiring example of freedom” in the Middle East that President Bush has repeatedly invoked. Instead, it will most likely evolve into a country plagued by instability, ethnosectarian violence, weak institutions, and unreliable oil production—if we’re lucky. Few Americans would support spending $12 billion a month in Iraq if they understood that they were buying, at best, another Nigeria, and at worst, Somalia with oil.
Here's where the analysis really gets interesting:
Supporters of the Iraq war, however, should know better. Many of them seem to have forgotten the work of scholars like NYU political scientist Adam Przeworski, who has written extensively about the relationship between wealth and democracy. Above a per capita income of $6,055, Przeworski finds, “democracies last forever.” But below that threshold, democracies are more fragile. Iraq’s GDP per capita today is a paltry $3,600, but even that low figure is misleading. When a country depends so heavily on oil revenues, its GDP per capita says little about its real level of development (Equatorial Guinea, technically speaking, is the 12th-richest country in the world). Przeworski’s research therefore excludes major oil-producers, which have their own set of problems.
In fact, oil tells us nearly everything we need to know about Iraq’s grim future. The United States is betting billions that Iraq—which has traditionally depended on oil exports for 95 percent of its foreign-exchange earnings—will escape the curse of what a Venezuelan oil minister once called “the devil’s excrement.” Academic studies have shown repeatedly that poor countries with oil tend to be poorer, more repressive, and more prone to internal conflict than those without it.
So we're paying like mad and sacrificing our sons and daughters to own a Somalia with oil. Lovely.
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