After we overthrew the great democratically elected statesmen Mossadegh in circa 1953, we installed the Shah back on the throne with ultimate power in Iran.
Even though the cia has admitted to covertly making that regime change for access and control of Persian oil, the shah was feverishly developing plans for nuclear power. Oil is prohibitively expensive to make electricity from. Perhaps the Shah and now Ahmadinad's regime know something that the rest of us don't know-that Iranian petroleum "fields" are drying up quicker than any of us in the west want to acknowlege. An Iranian "bomb" has little to do with the upcoming Bush/ Cheney regime's bloody "liberation" of Iran.
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Before We Bomb Iran …
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As the antiapartheid movement found, divestment helps put more starch in government sanctions. If the 400 or so European and Asian companies doing business in Iran were forced by global investors to withdraw, they would be upset about it, but less motivated to weaken sanctions imposed by their own countries. Isolation and the threat of economic collapse wouldn't necessarily drive the regime from power, as Gaffney thinks, but it could strengthen the opposition in ways that angry rhetoric from Washington won't.
How can Americans help encourage this movement? It isn't easy. (So far, there's only one self-described "terror free" mutual fund, the Roosevelt Anti-Terror Multi-Cap Fund). But divestment has the feeling of a movement whose time has come, if for no other reason than the alternative—war—will send oil over $100 a barrel and get a lot of Iranians (and, soon enough, Americans) killed.
Cheney & Co. have 15 months to persuade Bush to attack Iran, presumably because the next president will be too wimpy to do so. To stop them, the debate must shift from "bomb or do nothing" to a series of interim options. Divestment, Burlingame says, can be seen as both "putting the squeeze" on Iran and as a "peace initiative." That's why it appeals to both right and left, and fits the pragmatic spirit missing from so much of our reaction to 9/11.
© 2007
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