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Iraq US Blackwater

Business / Crimes / Politics / Society08.03.2011

Thatcher, big oil (minerals) and the mercenaries (1996-2004)

A brief overview of the history of modern PMCs (private military contractors) like Sandline (right now with a contract worth 293 million dollars in Iraq) and EO (Executive Outcomes) and their involvement in the fight over resource concessions. "Even more obvious however, is that these mercenaries are not satisfied with a simple payday from the highest bidder at the end of a dirty little war. That's how the mercenaries of old went broke. These guys are much more savvy. They expect a permanent stake in the country from the side they choose to support providing them with long term income and expanding wealth. For the most part they won't even consider going into a country unless it has substantial resource wealth which they can plunder. In that sense, backers and investors in their adventures, like Mark Thatcher, aren't in for a penny. The idea is to violently create an environment which will produce a massive return on investment."