Monday, December 18, 2006

Strange Respite

Shannon Love offers an explanation of how the Iraq economy can appear to be booming - even though i.e.d.s are booming too.

Her argument is that third world governments, while failing to provide a high degree of safety, nonetheless strangle business activity with regulations and corruption. So when a mild case of civil war chaos sets in, parts of the market actually benefit.

The actual security situation may not be that much worse, but all the parasitic government activity disappears. The situation turns into a net gain.

The state begins to unravel,
And goods more freely travel

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