POST: Dealing with Iraq's Great Depression, Enterprise Resilience Management Blog, December 13, 2007
Great post by Steve. I've long compared postwar Iraq to our Great Depression in the following way: few had jobs, even fewer any money. You can't call that a "win" by any sustainable measure, thus jobs are your exit strategy--my longtime mantra.
No surprise here that military, in its SysAdmin role, takes this on. Also no surprise this happens under Fallon and Petraeus.
Good stuff.
Prospects? More complex.
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Comments (1)
The key to Iraq's eventual economic recovery goes back to Herodotus. Herodotus told us that the Babylonians supplied one third of the food for the Persian Empire. They had a system of irrigation which took water from the Tigris and Euphrates rivers.
This system was destroyed by Ghangis Khan's grandson and in modern times by Saddam Hussien.
The irrigation system must be restored as sole dependence on oil revenue is an invitation to an unjust and therefore unstable society.
Posted by Joe Canepa | December 27, 2007 11:13 AM