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The role of oil in US capitalism Posted: Wednesday, February 13, 2008 "It is politically inconvenient to acknowledge what everyone knows - the Iraq war is largely about oil," Alan Greenspan, the arch-Republican ex-chairman of the US Federal Reserve Board, admitted in his memoirs last year. Oil runs through the history of US capitalism and its efforts to dominate the world. It's where its greatest business dynasty, the Rockefellers, made their money. Today the Western oil super-majors and their local rivals still ride high at the top of the global corporate hierarchy. Full Article : socialistworker.co.uk |
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