Read here the new research paper by NCSGC contributor Yousef Baker.
ABSTRACT: The 2003 invasion of Iraq and its subsequent occupation effectively erased the country’s existing political and economic system, turning Iraq into a tabula rasa. The initial invasion of Iraq, beyond geo-political and other conjunctural explanations, and at a more explanatory structural level, was a response by the United States to transnational crises of overaccumulation. One of the central goals of invading Iraq was to more fully integrate the country into the global capitalist system. The occupation regime attempted to formally integrate Iraq into the global economy by imposing a hyper neoliberal legal framework and policies that effectively transnationalized the Iraqi state and facilitated the development of new transnational accumulation circuits in Iraq. This article details this by analyzing the 112 laws that were imposed by the American occupation in Iraq as well as the permanent constitution that was passed in 2005. It shows that these laws opened Iraq to investors irrespective of its national origins. It concludes that this is evidence of the U.S. acting on behalf of transnational, rather than national economic interests.