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Retort

Retort, a ‘gathering of antagonists to capital and empire’, is based in the San Francisco Bay Area. This essay was written by Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts. Afflicted Powers: Capital and Spectacle in a New Age of War, which deals with many aspects of post-September 11 global politics, is out from Verso.

From the London Review dated 21 April 2005

Blood for Oil?

“Iraq was to be made an example: it would provide the stage for a new attempt at the radical denationalisation of oil. By creating an ‘emerging market’ from a decrepit state-owned petroleum industry, the war would lay the foundations for something dear to the hearts of the Washington cabal: an end to (other people’s) economic nationalism and producer cartels. In this ideological universe, oil figured centrally, since oil had remained one of the Third World’s most effective bulwarks against the neo-liberal attack. The appointment of the former Shell executive Philip Carroll to run the Baghdad energy ministry was logical, given Paul Bremer’s belief that the Iraqi Governing Council’s attachment to oil nationalisation ‘had to be changed’.” [ read more . . . ]

Selected bibliography

  • Afflicted Powers: Capital and Spectacle in a New Age of War (2005)

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In the LRB archive

Blood for Oil? · 21 April 2005