Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (43312)	12/15/2003 12:02:20 PM
From: macavity	Read Replies (2) of 74559

Privatisations. I am staggered that the US government is basically auctioning off State-Owned-Enterprises (SOEs). In Nigeria there is a process of selling of SOEs at the moment. This is deemed contentious, but government is big, and it is not being carried out at gun-point under the direction of a foreign power. If it fails we will elect the next set of idiots, but it is our choice. I am staggered at the stupidity of this. Do they seriously believe that Iraqi's or any other country would tolerate this. For goodness sake, put Saddam up for trial, but trying to turn Iraq into some model example of privatisation is staggeringly stupid. Hell if I was back in Nigeria, I would not be surprised to see street-fighting over this. They have to now leave Iraq to Iraqi self-determination. A private health service? Who is kidding who? How many of the coalition countries can lay claim to this? UK? No! Poland? No! Japan? No! But somehow they are going to launch one in Iraq. Wow! -macavity

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