Sunday Early Morning Opinions @ 8:11 AM CDT - 6/26/2022

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

 

 

*** Mnt Goat ...we keep hearing about getting out of a “rentier” economy solely based on oil...there are many more sources of revenue that can rival the oil revenues. But Iraq has to take advantage of them...The revenue possible from tracking and accounting for the full revenues received from Customs and Tariffs alone can rival the oil revenues. WOW! [post 1 of 2...stay tuned](NOTE: A Rentier Economy is one whose economic survival and growth is significantly dependent on economic rents generated from natural resources in particular - that's Oil for Iraq).

 

 

[ronscarpa]

Additional Information:

 

In a rentier state the economy relies on external rents. Economies based on internal rents cannot be defined as rentier states, as they would require a productive domestic sector. In such an economy rents would only be a part of the total income, while in rentier economies rents take up a substantial part. Rentier states thus rely on external rents and not on the productivity of the domestic sector. This creates a rentier economy which influences multiple aspects of a state's society.

 

Rents, are different from wages which must be labored for. They are based on the ownership of land or resources. David Ricardo defined ‘rents’ as a reward of the ownership of a resource. When applied to natural resources rents can be seen as “the income derived from the gift of nature”. In Iraq's case it is their Oil & Natural Gas..! RON 

[ronscarpa]

Added @ 8:55 AM CDT - Part 2

 

*** Mnt Goat  ...also they intend to tax revenues too some day, something they do not do today. This would be a huge source of revenue for the central government...another source of over looked potential huge revenues- the electricity industry...they are on the verge of being an economic giant and along with this comes the RV. They simply can’t stop it and it has to happen...the Glory Days are coming to Iraq. [post 2 of 2]

 

 

[coorslite21]

2 hours ago, ronscarpa said:

the Glory Days are coming to Iraq. 

 

I hope so!

They just need to get out of their own way sometimes!

JMO  CL 

[goldwinger57]

SOON!!