Apparently that was the thinking going into Iraq on the part of those in the US that were tasked with planning its post-invasion economy:
“Brinkley said early economic planners had made the understandable mistake of assuming that a free market would rapidly emerge to replace what he described as Saddam’s “kleptocracy”, and create full employment.”
One can only imagine that these same people think they can put a watch in a bag, smash it with a hammer, and pull a much better watch out of the bag. This is more of the Underpants Gnomes-type thinking that has characterized this invasion:
Step 1: Invade country, overthrow old order.
Step 2: ???
Step 3: Stable, united, prosperous, market-economy, pro-US, pro-Israel, cheap oil-selling Iraq.
For all of their pro-market posturing, I’m wondering if the Bushies have any understanding of how markets are supposed to work.