Speaking of disciples of Ayn Rand:
AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.
In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies.
However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.
This should be fun. It’s kind of interesting; the oil justification is based around the destabilizing threat of Saddam Hussein, and to solve that problem we’ve succeeded in destabilizing the region, endangering Iraqi oil production, and driving oil to nearly $80 a barrel. On strictly practical grounds, the “war for oil” has been about as successful as the “war for democracy” and the “war against WMD.” These morons can’t even pull off a land grab successfully.