Which Saddam ?
Currency Lad seems to be down on someone called Saddam Hussein. It’s not clear who’s being referred to here. Certainly not the Saddam Hussein who collected $300 million from the Oil-for-Food fund, courtesy of the Australian government statutory authority/official privatised monopoly AWB (formerly the Australian Wheat Board). That’s a beatup of no interest.
I’ve generally been an admirer of Currency Lad, but this is truly dreadful stuff. Either he should stop insulting his readers with moralising about Saddam* and present an honest realpolitik line, or he should condemn without reservation those who financed Saddam’s arms purchases, and those who either encouraged them or looked the other way.
To be clear in advance, this includes all those who colluded in evading sanctions, whether they were from France, Russia, the US or elsewhere. However, as we now know, AWB operated on a scale that dwarfed the petty operators about whom we heard so much from the pro-war lobby until recently.
* Or anything else. If you’re willing to swallow this, your opinions on ethics aren’t worth considering regardless of the topic.