This is old news, but I was reminded of it by a discussion on this weekend. It’s worth thinking about again in these parlous economic times.

Sharma, Tracy, and Kumar (2004) talk about one of the major, but little-discussed reasons for invading Iraq. Is militarism the best way to boost our economy?

What prompted the U.S. attack on Iraq, a country under sanctions for 12 years (1991-2003), struggling to obtain clean water and basic medicines? A little discussed factor responsible for the invasion was the desire to preserve “dollar imperialism” as this hegemony began to be challenged by the euro.

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