5-16-13 Almada News:   J ​​d. accustomed Naji al-Hamdani crisis has forced the U.S. administration and some capitalist governments to use the machinery of state to rescue its economy slope towards the abyss, a measure contrary to the principles of capitalism based on non-interference of the state in economic affairs. Has targeted government intervention some action to relieve the crisis, including:

1 – nationalization of the greater part of the largest insurance company in the world, and buy debt troubled $ 85 billion.
2 – nationalization of Fannie Mae and Freddie Mann العقاريتين with a total Rhonathma Real Estate $ 5 trillion.
3 – The government allocated U.S. $ 150 billion as incentives financial including $ 100 billion in tax breaks for individuals and $ 50 billion for companies in order to stimulate the economy and increase consumption.
4 – the nationalization of American International Group Insurance in an attempt to prevent them from collapsing.

For European countries intervention of government focus on:

1 – the feet of France to inject 3 billion euros to secure the liquidity of troubled banks.
2 – pumped Belgium 3 billion euros to save the bank Dicksaal EU
3 – pumping bank EU 120 billion euros in order to avoid the collapse of the global financial system.
4 – pumped British about $ 64 billion to save the three banks from bankruptcy and collapse.

Accordingly crisis of capitalism is the crisis of violent erupted due to the worsening contradictions of capitalism sharp conflicts between monopolies intercontinental for markets and profits, due to poor distribution of income and wealth.
has demonstrated elements of the crisis and its causes and its burdens on the right theory of scientific socialism of Karl Marx about the importance of the role of the state and of government intervention in the planning and coordination of economic and proved they are saying balance auto market economy capitalism.

repercussions of the crisis on the Iraqi economy secretions crisis painful not confined to the financial sector, but spread to other sectors in the United States and the countries of the euro and Asian countries because of the complexity of international economic relations and link most of the economies of the U.S. economy . Iraq is not immune from the consequences of the crisis, especially that of the Iraqi economy economy ريعيا and relies almost exclusively on oil exports will naturally be affected by imports financial fluctuations caused by the crisis at the world’s oil.

budget is Iraq that depend on financing more than 95% of oil imports have been affected in directly by the crisis, Valtraja in oil prices from $ 147 to $ 42 a barrel led to a budget deficit of more than $ 19 billion. To avoid this deficit, the government went to borrow from the International Monetary Fund. The budget has been prepared on the basis of the expected oil prices to $ 60 per barrel, but the price per barrel fell to $ 42 and less than that for this reason has been re-amend the budget for several times. Thus becoming the Iraqi budget subject to oil prices that are subject to international prices. Deterioration in oil revenues will reflect negatively on the growth of Iraqi assets of hard currency, and led to a decline in Iraqi dinar exchange rate of 1120 to 1320 dinars per dollar.
said Iraqi assets estimated at more than $ 70 billion if they invested securities sovereign foreign central banks will be safe from speculation and landslides created by the crisis. since been most Western banks to Hurricane financial crisis and suffered losses financial losses led to the bankruptcy of some and sell some of them and the nationalization of others to save it from collapse.

Weak integration of Iraq’s economy economy capitalist has eased the burden of the crisis and raised dreadful on the economy Iraq for two reasons:

1 –  The lack of direct correlation between the Iraqi market for securities and stock markets, especially the New York Stock Exchange, London, and Tokyo has eased the effects of the crisis on the Iraqi capital market. The Iraqi capital migrating abroad and invested in the stock exchanges of Arab and foreign countries will be affected by the crisis. And for foreign investors in the Iraqi market for securities, the trading volume of money is only 3% of the total trading, which جنبهم risk of bankruptcy suffered by investors other international stock exchanges.
2 –  The economic stagnation and recession Commodity left by the financial crisis in European countries Bank led to lower prices for goods and services in countries in crisis. The impact positively on the Iraqi market. The adoption of Iraq in securing commodity needs on foreign markets has contributed to the decline of imported inflation rates. And strengthened a bit of the value of the Iraqi currency.
and نستنج so that the Iraqi economy because of poor integration economy capitalist and not joining the World Trade Organization has kept him a certain amount about the devastating effects of the crisis that affected by the crisis remains limited compared to losses painful suffered by the economies combined economy of capitalism. With regards to international financial transactions in the Iraqi market for securities, they are limited and confined to Iraqi companies mainly than her side bitterness of the crisis.

explosive crisis in the advanced industrial capitalist countries indication that the live stage of capitalist imperialism moribund carrying factors فنائها. Capitalism in the final analysis dug her grave in her hand as Karl Marx says in his capital.

LINK