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.