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Originally posted by bilmore
I agree. I guess the basic explanation is that I don't view the common Iraqi guy as ever having been a shareholder in Saddam's Iraq.
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Of course they weren't. But that hasn't made much difference in any number of countries. The average Zairois didn't get much benefit out of the $5 billion that Mobuto siphoned off.
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Actually, (and this is based on memory, which is a dangerous statement all by itself), odious debt was first applied in the situations of some small african countries. It's not a new concept.
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It's not a new concept, but I'm not sure that it's actually been applied. At least not in many instances.
