I don't think the rents offset the cost.
Like other things the Gov is known to do, this is a money-losing
enterprise. Money was a motive going in, but more important
was control for politics' sake.
soula avramidis wrote:
What this simple accounting techniques conceals that in the
deepening financilaisation of imperialism, the grab for land and
oil control lead mounting imperial rents. What more because in the
near east oil and war coexisted as if in a permanent state, I
heard a lecture the other day at SOAS in which the speaker says
that there is rent accruing from the calibration of the degree of
conflict and instability in the near east by which the US ruling
class extorts the resources of the rest of the world.
In value terms that are created by non monetized social activity
the economic gains to capital are immense, hence colonialism in
one form or another.
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