Three trillion dollars - Nobel winning economist on cost of Iraq war
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Three trillion dollars - Nobel winning economist on cost of Iraq war

February 28th, 2008 · 1 Comment

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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Category: Politics

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