J-William Posted September 9, 2014 Posted September 9, 2014 An interesting ( if somewhat academic) topic is the question of how much economic policy makes the difference between hell on earth (North Korea) and a pretty nice place to live (South Korea). Some time ago I read a piece by a free market economist on how the western Keynesian advisors to the south Vietnamese government basically trashed the economy to the point that communism in the north didn't seem so bad to your average Joe. I assume that much of the same horrible advice was given to the Iraqi government. I couldn't find much info, but the fact that 95% of exports from Iraq are oil means the economy is a basket case. It is a stupendous economic failure that many Iraqis find it more profitable to pick up guns and bombs than a briefcase.
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