The Violence of Petrodollar Regimes

A new book by Luis Martinez:

The creation of oil "rents" in the 1970s put Algeria, Iraq, and Libya on the fast track to modernization. Massive revenues turned Algeria into the "Mediterranean dragon," Libya into an "emirate," and Iraq into the preeminent "rising military power" of the Arab world. From a political perspective, the progressive socialism of these countries would seem to have engendered profound, promising change: increased rights for women, positive urbanization, and improved education. Yet oil wealth's realities are beyond disillusioning. The international community now wonders whether reform can ever penetrate such nations and if the west will ever enjoy a secure gas supply. Offering the first global evaluation of these issues, Luis Martinez considers the nature of oil-sponsored violence in Algeria, Iraq, and Libya and its ability both to weaken and bolster their regimes.