It was Always Really About the Oil

In a rather stunning disclosure, Alan Greenspan, former head of the federal reserve, admits that he urged Bush to depose Saddam Hussein for the simplest of all possible reasons: the oil.

Greenspan insists that nobody in the Bush administration agreed: they were only concerned about WMDs and democracy and human rights. But they also told him that nobody here talks about the oil. They knew that if there was the slightest suspicion of it, the other Arab countries, and the rest of the world, would go ballistic. It is quite possible that they never talked about the oil because they didn’t need to. Everyone understood it absolutely perfectly. Except George Bush who, to this day, seems to believe that it was about democracy and the safety of American citizens.

Keep in mind that America doesn’t have to actually hold deed to the oil to take possession of it. They merely have to ensure that whoever controls the oil is friendly to American dollars and technology, like Saudi Arabia.

In Greenspan’s eyes, it is right and good that the U.S. should take oil from where ever it can be found and use it to generate prosperity and a high standard of living for America and Americans. He is a former (?) disciple of Ayn Rand. America must be strong. It must do whatever serves its own interests. It can take the oil. If you’re too weak to take the oil away from America, then that’s just tough.

There is a pretty kind of logic to this spirit of individualism. It is very, very pretty. It is elegant and slim, because strategic decisions are unfettered by moral or ethical considerations, and should be guided strictly by questions of efficiency. How soon can we get rich? How many bodies do we step over to obtain our goals?

To believe in the myths of individualism and capitalism, you have to believe in “finders-keepers”, for there is no way to justify the possession of oil or air or water on any basis other than “might makes right”.

Or you can believe that we are all in this world together and nobody in particular has any kind of magical title to the world’s resources.

Or, like George Bush, you can believe your own spin: God commanded us to destroy Iraq because Saddam Hussein was a great sinner.

The disadvantage of Ayn Rand’s brand of individualism is that eventually someone stronger comes along and knocks you off the pony and takes it away. And you really have no moral grounds upon which to complain. You can only hope to make yourself strong enough so that you can take it back. And to make yourself strong is to make yourself cruel. The suicide bomber is Ayn Rand’s ultimate legacy: not strong enough to take the oil back, but fully comprehending that the world is really about raw power, individual fanatics are easily convinced that there is meaning in flailing against the machine. In George’s Bush’s gentle dreams– which are not Ayn Rand’s dreams– there can be no comprehension of individuals who give up the possibility of enjoying the fruits of raw power. The only explanation is the lamest one: they must be jealous of our affluence and prosperity and freedom.

Patriotism, in the case of Iraq, is an attempt to convince most people– who do believe we are in this together to a great extent– that the war on Iraq is a moral cause. It is a lie. It can’t be anything but a lie because the war on Iraq is about nothing more than “finder’s keepers”. We found your oil. Now it’s ours. Just try to take it from us.

Ayn Rand had nothing but contempt for religion.  Which is odd, because most of Evangelical America believes in Alan Greenspan.

 


The bizarre thing about Ayn Rand’s philosophy, and those backroom fascists who believe in it, is that even the most hard-core capitalist doesn’t practice it when it comes to neighborhoods and families and churches and schools. Everyone knows how long a family would last, or what a neighborhood would look like, or how children at school would behave, if we all actually practiced Ayn Rand’s version of enlightened self-interest. There would be no need to do chores, or clean up your garbage, or keep it quiet after 11:00 at night, or do your homework– if the world works better if I only do what is in my own self-interest.

She is consistent in one respect: there is no need of a god in her scheme of things either. We are quite enough.

Alan Greenspan Greenspin

I was quite ready to add Alan Greenspan to my sold-out list today. Surprise– he came down hard against the Bush tax plan, for the obvious reason that it will create huge government deficits and necessitate strenuous borrowings by future administrations to pay the bills.  Kudos to Alan Greenspan for consistency!

July 2005: I spoke too soon.

Greenspan shamefully “righted” himself and endorsed Bush’s tax-cutting strategy. Ironically, it is now demonstrable that Bush’s argument that tax cuts rev up the economy thus producing off-setting increases in tax revenues is wrong, wrong, wrong.

He still buys into the stupid “double-taxation” joke on dividends (as if wages aren’t taxed twice as well, once as income, and secondly as social security).

2011-05 It is now obvious that Greenspan was right the first time: the Bush tax cuts are a major contributing factor to the massive government deficits facing the current administration. But then, his reputation is pretty well destroyed by now anyway