Grey Thoughts
25.9.07
 
Iraq, Oil and Money
Given Alan Greenspan's recent book proclaiming the Iraq war was all about the oil (which he later said was not the Governments motive), it is important to note just where the wealth of our richest is coming from.
In the first Forbes 400 [1982], oil was the source of 22.8 percent of the fortunes, manufacturing 15.3 percent, finance 9 percent, and technology 3 percent. By 2006 oil had fallen to 8.5 percent and manufacturing to 8.5 percent. Technology, however, had risen to 11.75 percent and finance to an extraordinary 24.5 percent.


"No war for finance" just isn't as catchy though.

(HT: Evangelical Outpost)
- posted by Alan Grey @ Tuesday, September 25, 2007
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