Iraq war, corporate greed, caused economic crisis

This video from the USA is the film on the Iraq war The Ground Truth: The Human Cost of War, by Patricia Foulkrod.

And this video is the sequel.

By Ryan Grim, Huffington Post, USA:

April 20th, 2009 8:04 pm

Dimon: Iraq War, Greed Contributed To Economic Collapse

JPMorgan Chairman and CEO Jamie Dimon, in a letter to shareholders, touched on a theme that critics of the Iraq war were highlighting more than a year ago: That spending on the war was damaging to the economy.

Dimon cited “an expensive war in Iraq” as one of the possible triggers of the economic collapse. Spending on the war ballooned the deficit and crowded out investment in domestic priorities. Meanwhile, the trade deficit soared. …

Dimon also places some of the blame for the crisis on greed for ever-higher profits, which he refers to as “irrational pressure…to show increasingly better returns.” The system he’s referring to — which pressures companies to steadily increase returns due to the cost of capital — is called capitalism.

Art exhibit illustrates horrors of Iraq occupation: here.

2 thoughts on “Iraq war, corporate greed, caused economic crisis

  1. Pingback: British women’s rights under attack | Dear Kitty. Some blog

  2. Pingback: U.S. anti-democracy in Iraq | Dear Kitty. Some blog

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