Iraqi workers under Saddam's state-run economy were conditioned to wait for directives rather than engage in entrepreneurial thought—factory workers asked occupiers how much to produce and what inputs to use—because they were rationally responding to the incentives of a centrally-directed economy, so the latent commercial capacity could not simply be activated.
factualpending
Speaker
Christopher CoyneEvidence Quote
“it wasn't their fault they were just responding to incentives”
Created: 6/15/2026, 9:29:02 AM
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