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Accumulation of financial capital (negative) and the axes of ideological conflict in Iraq's economic policy
05/23/2012 0:26
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d. The appearance of Mohammed
to the extent that has led the oil revenues, and accumulations, Ktheroh financial capitalism of the state, trends and topics of monetary policy in the framework of the so-called effects of monetary fiscal policy (whether in the dominance of public finances to create a cash basis to the Central Bank or the accumulation of foreign reserve of the Central Bank of Iraq being a the cover of the national currency in circulation outside the Central Bank), these effects of monetary public finance has become clear in making the idea of the independence of the central bank (from my personal view) is a preference for second best Second, instead of being the preferred first as you want monetary policy to the dominance of state capitalism of financial development the movement of money overall in Iraq and adjust or monitor trends in monetary and development and consumer according to an ideological hybrid imposed by the present condition and state of the economy, as an extension of the phenomena of the rentier state central.
that state capitalism Balyatea working in line with the trends of public finances in line with it and detail, which leads at the same time the movement of financial capital Ahly promise of the last natural extension of the first through the bond market and the mechanisms that formed as a financial business is consistent with the ideological composition of state capitalism, particularly the consequences of problematic consumer distribution in the general budget which is the capacity in which overcome the problematic state capitalism in the distribution of investment in the budget .. Widening the scope of equality and justice in the general budget and to maintain the phenomenon of distribution over the predominance of the budgets of the consumer operating and providing public goods necessary character service that enveloped the public expenditure and trends at the expense of the low investment opportunities, competence, productivity in the equation is balanced led to the formation of bands attached from financial capitalism national civil adapted with the consumption pattern of the state and composition of financial capitalism rentier state.
Capital is the private and Trakmath financial and intensity configured in this direction was expressed about the degree of integration and cohesion between operational elements or consumer in the budgets of the country's public and development sector of capitalist financial Ahli, who was born a sector commercial consumer externally supportive of him, especially after to change the style of Iraqi life and patterns of living and the globalization of consumption during the past nine years, which came as a reaction to harsh against the remnants of deprivation and starvation during the decade the economic blockade and pain.
Loss of opportunities for national investment and to maximize production and leave the establishment of the accumulation of physical real mainstay of production and economic progress was due to immersion of society and orientations of capitalism the country toward pleasure of consumption and laziness and inaction against the will of the production and maximize the investment, which led without doubt to the creation of sector capitalist financial Ahli product of state capitalism Finance determines the level of cohesion and integration in the form of financial capital the overall nature of consumer severe profit and creator of the financial institutions parallel to it are integrated are the other with Renaissance consumer business that are looking at Taladtha with the external market for shopping or transmission of money. In this Astmzjt financial capitalism and capitalism commercial civil currents to Atptad on the phenomenon of creation and wealth of financial capitalism and the written consent of the speed of rotation of financial capital and to maximize profit and quickly recycled by recycling at least three times per year and within the cycle of commercial consumer Links between our country and the outside world.
Given the paucity of investment opportunities in productive sectors, except financial investment Ahli mentioned above and Almmelthm formula severe adhesion to invest commercial consumer, the backlog of capital gains and the general wealth of capitalism growing Almighty capital accumulation financial they have to find a sitter alternative in the business cycle short-range, which extends to markets in the regions geographical business surrounding Iraq, as it turned those regions into reservoirs external financial absorb the accumulated profits of the business cycle and the Iraqi short-term savings, which we call the outside of Iraq. On this basis, taking financial capital surplus way to build up in the warehouses of external financial and regional, including in particular, which is the product of surplus or profits of financial capital Almmelthm capital trade-Ahli, which is undergoing its development and strength with the severity of the expenses of the general budget and the predominance of character consumer. In order to Aneptad much Malate what we write, the capital's financial state was generated by virtue of its orientations and consumer distribution that are looking to create a community of luxury consumer rates and perceptions exceeded expectations in the creation of community well-being productive as long as the fuel of this process is the oil revenues easy collection and easy accumulation.
Therefore, the birth complications and financial tendencies of commercial Consumer Affairs quick profit and returns to be that the pronunciation of surpluses and Edjaradtha outside the country to meet with maximizing their marketing towards domestic consumption in light of the meager Preference application of the production sector, the national alternative and under-investment in which a bug and the problem of the current economic system in the country and the source of ideological struggle and the large Alabhamat or unknowns in the axes of economic policy, Iraq, whether both financial or monetary or commercial, on top of that policy development with features vague.
Monetary policy of the Central Bank of Iraq, which was built on the adoption of mechanisms of market economy and the tools of indirect intervention in the money market and to address the levels of liquidity high generated by the public finances over the movement of financial capital of the state surplus to request Aakavih generated by the production of real physical investment or real reward except one of the existing financial reserves is the Central Bank of Iraq and its assets in foreign currency. And that this reward corresponding to the currents of consumer spending, higher generated by the public finance through the doubling of spending is the product that is the source of the evils of inflation and the deterioration of living unless rewarded offer commodity and service adequately, something to Ayuverh the political economy of Iraq to this dilemma in the description of the economic system that did not put the Iraqi Central Bank reserves foreign currency and a cover to meet the demand to reflect the financial strength display a dollar rights to foreign goods and services or be under a foreign power and the will of the private sector commercial and financial Almmelthm head of finance of the State Finance. The policy of sterilization approved by the central bank to control the levels of liquidity and absorb that demand fluid huge Iraqi dinar denominated in dollars and based on the adequacy of the supply of foreign currency to meet consumer demand and the different varieties demand, including the accumulation of profits the commercial capital of Finance of Iraq, which broke out today Staff ideological struggle between the public financial and monetary policy in the capitalist market economy great it is the financial capital of the state and followed by financial capital and the National as if there is a dispute over the distribution of wealth within the camp of capital!.
Vmzad foreign currency to the central bank is to auction ironic that hides the ideological struggle both between the joints of the economic policy itself or between financial capital total (private and public) as they seek monetary policy mechanisms for achieving its goals in imposing stability on the standard of living through the exchange rate stability and the general level of prices and this is the condition which requires keeping up with the capital's financial sector and the National Almmelthm a trade with the outside and reservoirs exciting of the controversy stoked the center of the conflict with state capitalism to end to the conflict within the joints of the economic policy, itself a war of accusations and concerns forgetting that the reason the Chairperson is the characterization of the economic system in Iraq and the problematic that the rentier who beat him state capitalism, a source and a compass generation that conflict. Mechanisms auction of foreign currency which is the anchor of monetary policy to achieve its goals in the stability of the Ayado being one of the systems to deal with the financial capital total and its parts and Trakmath Iraqi dinar spent by going forward public that dominate 60 percent as a percentage of gross domestic product of Iraq and that generated by oil resources to feed into the finish in Mphaqs Iraqi financial capitalism which takes its course outside the country, whether in trade finance consumer or to break up accumulations of financial profit business in those warehouses outside the safe borders of polarized Kpar accumulation of financial capital of Iraq. The question is accused of? Is fiscal policy (a compass capitalist economic system, the overall financial tax his tools) or the foreign currency auction (of being a tool of monetary policy faced by the power of that capital and provide them with foster stability)? It unknowns confusing in the wheel of the economic system of Iraq vague in its details and its movement and its direction an economy strong consumption weak development.
Valtrakm financial capital of Iraq is still looking for a shelter to diversify the province outside the country, rates and proportions consistent with the accumulation of wealth and capital, total away from the state of investment opportunities real industry was or agricultural or productivity effect of other events in the effective force of the growth can reduce actual unemployment to one decimal place and reduce their levels of concern, which is still current among young workers more than 25 percent of that class task. As long as the movement within the capital in this direction and go the auction the central bank will continue to be more problematic relationship between state capitalism and capital Ahly to represent the entity of the conflict in the acquisition of wealth, sharing and touching the source of the charge within the economic system is contradictory between the currents of the same capital and mechanisms to convert sources of wealth out of the Whether the country to finance the trade or keep Pfoaúdha in those and other regional warehouses. Vdhiraah stability and maintain the standard of living of the monetary policy will remain a priority do not matter in the midst of contradictions present in the movement of financial capital and the intense conflict is Altnahari between capital and the National generator has a state capitalism and forces of the rentier.
that the correlation between the financial capital of the state and civil still ongoing and are coexist without reaching the stage of the conflict Altnahari but in the spring of peace and the sharp contrast, but the Scouts and the level of conflict intensity reflected in the mirror auction of foreign currency to the Central Bank of Iraq. In spite of this understanding still also one case related to the point of activity has made the country consuming machine of the first class and code for investment and the level of production similar to Amehal. But the bug conflict and the level of Tfjrh is the machine of funding in foreign currency and the interpretation of the legitimacy of the surplus to finance capital and the National legitimacy of conversion and economic freedom in dealing with warehouses accumulation of financial wealth outside the country through our economic system of capitalist financial vague landmarks in the interpretation of the limits of personal property and the freedom to act out!.
If the conflict within the camp of the Iraqi capital the picture is Altnaharih until this moment, they need depth a little research on the implications of that conflict and contradictions ideology within the joints of the economic policy of Iraq itself.
has overcome distribution and the search for social justice in the budgets of the country's public rentier idea of economic growth and boost the country's development and investigation for opportunities to create material wealth and maximize revenues from outside the oil sector to the circumstances and data over the last decade is difficult to anchors in front of shifts of social, economic, political, and the interventions of international is greater than the capacity of the country.
and when you return to the philosophy of fiscal policy that I see the source of the conflict and force generation of financial capital is found has philosophy about the fragile resources of other budget-funded public non-oil revenues. So let everyone to the fiscal resources of the public budget does not find it by more than 1 percent of the total revenue of the annual budgets of the country, which means that financial capitalism strong partner to state capitalism get free meals free lunch as long as the tax easy deduction at source from the four million government employees who are they and their families fairly distribution outside the efforts of the market and the accumulation of financial capital Ahli through the mechanism of converting capitalism's financial state to the capital of an individual continues to move accumulation of financial state to the market outside the corridors of the Chamber tax made up the ideology of free market uncontrolled and ideology in the configuration of capitalist financial or capital accumulation financial (negative) of what has its advantages are: exemption or tax evasion, it's easy and stability in the warehouses and Hawwadhanha money out of bounds.
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