Wednesday, 02-12-2020, PM 1:33 Karrar Al-Asadi 230
Written by: Saleh Laftah
The state's rentier economy based on a single commodity is an economy that is incapable of providing prosperity to the people of the nation.
Unconsidered dependence on oil and neglecting the aspect of mining, the economy of tourism and industry, created a state and citizens who live with a consumer mentality without being aware of the immediate and future problems and risks that surround us and will not be solved by the oil that the world has begun to disengage from and reduce dependence on.
In the world there are many experiences that deserve admiration, peoples who do not possess what we possess, many preceded us, countries that rose from the wreckage, peoples who created wealth and achieved sufficiency from simple things, countries that subordinated what they have to the ranks of developed countries and do not possess what we have of the elements of economic development.
Why should we not be like them? We are tired of waiting for oil money and its bounties that may come to no avail.
To crowd out the world economically, what we need does not exceed a number of bold decisions that leave the country out of its cycle no more, with full awareness of the capabilities we have and the difficulties we face, and a revolution to adapt what exists to bring about a great boom in which oil money is nothing for it, and a national will of leaders and citizens To change reality and catch up with the developed world.
The elements for the advancement of the Iraqi economy are available from a diverse geographical environment in which the contradictions met, suitable for being promising tourist destinations and great archaeological sites scattered in every city that would bring billions if they were to be exploited and natural resources of gas, sulfur and phosphates with a great geographical location linking the East with the West.
Iraq is full of bounties and various investment opportunities that are jealous of investors that can be exploited in parallel without focusing on a single joint alternative to oil. We leave the rest and repeat the mistake to saturate our stomachs at the present time and leave future generations baffled about it.
Iraq needs a comprehensive renaissance of all its children to catch up with those who preceded us, we leave in thinking about achieving economic sufficiency in oil only and a change in the economic plans of the last century that have been proven incapable of providing prosperity and not being suitable for the present time.
The opportunity did not pass, and the Iraqis would be able to advance their country at a speed beyond imagination if we accept the reality and leave the dream of waiting to enjoy billions of oil.