As soon as it became clear that the US-UK war against Iraq was on, stock markets around the world rocketed upwards by as much as 20% and the price for a barrel of crude oil fell back sharply. Now it's a week in and all that bravado has faded. The real costs of this imperialist adventure are beginning to come out.
GW Bush claims that the US is the most "democratic" of all countries, and that therefore they have a duty to bring it to the people of the world. But the reality of the situation is very different. What we have is democracy for the rich.
As we have explained many times, the war on Iraq is nothing but an extension of
the war on working people and youth here in the US. It is being fought in the
interests of the rich capitalists in this country. These people cannot be trusted to work in the interests of the American
people as a whole, let alone the Iraqis.
The US has announced that it will establish at least four
permanent military bases in Iraq once the 'occupation' is over. Maintaining
these new "Guantanamos", together with the overall cost of the war and “reconstruction",
is going to push US debt to dangerously high levels.