Economic analisys

By Paul Krugman, published on the New York Times, 11 March 2006.

Abstract: Bechtel, the giant engineering company, is leaving Iraq. Its mission — to rebuild power, water and sewage plants — wasn’t accomplished: Baghdad received less than six hours a day of electricity last month, and much of Iraq’s population lives with untreated sewage and without clean water. But Bechtel, having received $2.3 billion of taxpayers’ money and having lost the lives of 52 employees, has come to the end of its last government contract.