Today's Fresh Air was one of the most chilling things I've heard in awhile: interview with journalist Jeremy Scahill regarding mercenary firm Blackwater which is raking in the dough on Iraq operations and seemingly unaccountable to anyone. (The Economist had an article on this in 2004 too.) Combine that with the September 12th interview with T. Miller regarding his book about the reconstruction effort (apparently contractors get paid whether or not the project is completed) and it's hard not to feel awfully depressed. Markets provide some things well and private firms can be more effective for providing some services but war is no place for profit-making. If we're going to have the private contractors, much better regulation and oversight is needed.
But please, could we get a true fiscal conservative in the house?
Introduction
- MaybeMBA
- University of Chicago Booth School of Business, Class of 2009 - Finance and Accounting concentration - Investment Management career - Mother to Baby Y born in 2007 and Baby X born in 2009 - CFA designation. I can still be reached at maybemba at gmail dot com.
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