Friday, November 23, 2007

Seizing Destiny for U.S. Capital

Socialist Viewpoint, Nov/Dec 2007, Vol. 7, No. 6

By Bonnie Weinstein

An article appeared in The New York Times on September 13, 2007, entitled “Compromise on Oil Law in Iraq Seems to Be Collapsing,” by James Glanz. This piece could have been a chapter in the book Seizing Destiny: How America Grew from Sea to Shining Sea,by Pulitzer Prize winner Richard Kluger. It’s a painstaking historical breakdown of the wheeling and dealing between the commanders of capital in England, France, Spain, even Mexico, and the commanders of U.S. financial and business interests in their pursuit of the acquisition of the land that now makes up the United States of America. By any means necessary—through war, occupation, slavery, and extermination of the indigenous peoples of America—U.S. commanders of capital got most of what they wanted. But it is still not enough of what they need—an unending supply of capital.

U.S. big business wheeling and dealing

The Times article by Glanz details the financial machinations going on in the Iraqi oil fields. The pivotal thorn in the U.S. occupying paw is the Iraqi Oil Law, which includes, according to Glanz, “Article 111 of the Iraqi Constitution...oil and natural resources are properties of Iraqi people....” It is worth a closer look at this article.

Complete article . . .

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