Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin, Gold and Silver Markets Brief - 18th Feb 25
Harnessing Market Insights to Drive Financial Success - 18th Feb 25
Stock Market Bubble 2025 - 11th Feb 25
Fed Interest Rate Cut Probability - 11th Feb 25
Global Liquidity Prepares to Fire Bull Market Booster Rockets - 11th Feb 25
Stock Market Sentiment Speaks: A Long-Term Bear Market Is Simply Impossible Today - 11th Feb 25
A Stock Market Chart That’s Out of This World - 11th Feb 25
These Are The Banks The Fed Believes Will Fail - 11th Feb 25
S&P 500: Dangerous Fragility Near Record High - 11th Feb 25
Stocks, Bitcoin and Crypto Markets Get High on Donald Trump Pump - 10th Feb 25
Bitcoin Break Out, MSTR Rocket to the Moon! AI Tech Stocks Earnings Season - 10th Feb 25
Liquidity and Inflation - 10th Feb 25
Gold Stocks Valuation Anomaly - 10th Feb 25
Stocks, Bitcoin and Crypto's Under President Donald Pump - 8th Feb 25
Transition to a New Global Monetary System - 8th Feb 25
Betting On Outliers: Yuri Milner and the Art of the Power Law - 8th Feb 25
President Black Swan Slithers into the Year of the Snake, Chaos Rules! - 2nd Feb 25
Trump's Squid Game America, a Year of Black Swans and Bull Market Pumps - 24th Jan 25
Japan Interest Rate Hike - Black Swan Panic Event Incoming? - 23rd Jan 25
It's Five Nights at Freddy's Again! - 12th Jan 25
Squid Game Stock Market 2025 - 5th Jan 25

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

U.S. Warring for Resources, Vast Riches of Minerals Identified in Afghanistan

Politics / Afghanistan Jun 20, 2010 - 03:48 AM GMT

By: Submissions

Politics

Best Financial Markets Analysis ArticleDavid Sirota writes: Reading this week's New York Times headline -- "U.S. Identifies Vast Riches of Minerals in Afghanistan" -- many probably wondered how this information was being presented as "news" in 2010. After all, humanity has long been aware of the country's vast natural resources.


As Mother Jones magazine's James Ridgeway said after recalling past public accounts of the ore deposits, "This ‘discovery' in fact is ancient history tracing back to the times of Marco Polo."

The intrigue in The Times dispatch, then, is not Afghanistan's "huge veins of iron, copper, cobalt, gold and critical industrial metals" that the paper quotes Pentagon officials gushing about -- it is the gushing itself. Indeed, the real question is: What would prompt the government to portray well-known geology as some sort of blockbuster revelation?

The Atlantic's Marc Ambinder proffers a convincing answer. Noting the military's coordinated quotes in The Times piece, he writes that the Pentagon is probably trying to bolster Americans' support for the flagging Afghanistan campaign by "publicizing or re-publicizing valid but already public information about the region's potential wealth."

This assertion, mind you, is not coming from some antiwar ideologue in a "No War for Oil!" T-shirt. On the contrary, Ambinder is a quintessential buttoned-down establishmentarian far more interested in covering political process than in pushing a pet cause -- which means his charge (later echoed by other Washington journalists) is a particularly powerful one. And if he's correct, we may be witnessing the final spasm of a radical shift.

Remember, the idea that the U.S. invades countries to pilfer natural resources was once written off as an inflammatory insult and/or an unsubstantiated conspiracy theory, irrespective of corroborating facts (like, say, pre-9/11 Pentagon plans to divvy up Iraqi petroleum, State Department proposals to privatize Iraq's oil fields and top government officials insisting Saddam Hussein's overthrow was "essential" to protect oil supplies). The assumption, of course, was that the public opposes resource conflicts and that therefore labeling wars as such is nothing but disreputable slander designed only to harm a political opponent.

This manufactured construct, though, began eroding as soon as George W. Bush started turning the "war for oil" aspersion into a proud clarion call.

In 2005, the Associated Press reported that the president "answered growing antiwar protests with a fresh reason for US troops to continue fighting in Iraq: protection of the country's vast oil fields." During a press conference a year later, Bush three times pitched petroleum as a rationale for war, criticizing "extreme elements" who "want to control oil resources," insisting that "we can't tolerate a new terrorist state in the heart of the Middle East with large oil reserves" and warning that we must stop insurgents from gaining "the capacity to use oil as an economic weapon."

Now, under President Obama, we get leaked Pentagon memos cheerily promising that Afghanistan will become "the Saudi Arabia of lithium" and generals touting the minerals' "stunning potential" -- the implication being that America is morally obligated to exploit such potential through armed occupation.

The theater of battle is different but the paradigm is the same: Whereas it was previously considered uncouth for anyone to even suggest that economic hegemony might motivate U.S. military action, our leaders are now boldly selling wars as commendable instruments of such profit-focused imperialism.

Importantly, this revised message relies on the new assumption that the public now sees resource conflicts not as detestable -- but as worthy and even admirable. And should that assumption prove true, it would mean that this latest exercise in martial propaganda represents more than mere marketing innovation. It would signal a disturbing change in what the population thinks is -- and is not -- a just reason for war.

David Sirota is the author of the best-selling books "Hostile Takeover" and "The Uprising." He hosts the morning show on AM-760 in Colorado and blogs at OpenLeft.com. E-mail him at ds@davidsirota.com or follow him on Twitter @davidsirota.

© 2010 Copyright David Sirota - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in