Voice from the Commonwealth
Commentary, World Views and Occasional Rants from a small 'l' libertarian in Massachussetts

"If ye love wealth greater than liberty, the tranquility of servitude better than the animating contest for freedom, go home and leave us in peace. We seek not your council nor your arms. Crouch down and lick the hand that feeds you, and may posterity forget that ye were our countrymen." - Samuel Adams

Monday, May 12, 2003

George Soros is half-right.

Bank loans to Iraq and oilfield development contracts that were agreed to under the regime of deposed leader Saddam Hussein should be voided, billionaire U.S. financier George Soros said on Monday.

"I personally would be very happy to see the old creditors of Iraq not getting paid," Soros told a gathering at the Center for Strategic and International Studies here. "That would send a signal to the financial markets that it's dangerous to deal with oppressive regimes."

Right on. I'm with you there. But....

Separately, Soros said the revenue earned from Iraq's future oil exports should be managed by the United Nations. "Everybody has to be in favor of international, multinational supervision," he said.

How could 'everybody' possibly be in favor of UN control of Iraq's oil? Like they were in charge of the secretive oil-for-food program that neeted them $1 Billion while being held accountable to nobody? If the UN takes over the revenue from future oil exports, the Iraqis themselves will never gain control of their own destiny. I don't want anyone but the Iraqis to conrtol their oil and the only way that will happen is if it is a shared responsibility taken on by Iraqis and the Coalition that freed them.

< email | 5/12/2003 04:06:00 PM | link

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