Joseph Stiglitz, a Nobel prize-winner in economics, says the Iraq war has cost $3 trillion so far.
According to the Guardian, “three trillion could have fixed America’s social security problem for half a century.”
Or it could have wiped out America’s debt to the rest of the world. Instead it went on a war which has had the positive benefits of … what exactly? What has the USA, UK and so on gained from the war?
Seriously, has it had any of the intended effects?
Publicly – Overthrow a regime of tyranny and create democracy, stability and a better way of life for Iraqi’s.
Privately – Maintain a presence in the middle east, create a pro-USA democracy and establish a cheap oil supply for the USA.
Has it been worth it?
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1 Iraq » Three trillion dollars - Nobel winning economist on cost of Iraq war // Feb 28, 2008 at 12:05 PM
[...] The English Guyâ??s Personal Blog wrote an interesting post today on Three trillion dollars – Nobel winning economist on cost of Iraq warHere’s a quick excerptJoseph Stiglitz, a Nobel prize-winner in economics, says the Iraq war has cost $3 trillion so far. [...]
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