There is also the fact that Iraq is still a power vaccuum, with different regions now controlled by different groups, and all other groups dispersed to refugee camps or friendly regions within Iraq. Such an area is a breeding ground for militants.
I do not think that the US system will collapse like the Russian system did after their ruinous sortee into Afghanistan, because the capitalist system (even unregulated like at the moment) is far more durable than any (state or private owned) monopolist system such as that in the Soviet Union. -However, the trillion dollar war in Iraq (and to a lesser extent, Afghanistan) is doing two things to the US (and global economy): Causing the world oil price to inflate, which has a knock on effect to the economy, and causing the US government to borrow the money needed to pay all those lovely lovely no bid contracts that Halliburton got. This has exacerbated the mortgage crisis by constricting the supply of money to borrow.
There is also the fact that Iraq is still a power vaccuum, with different regions now controlled by different groups, and all other groups dispersed to refugee camps or friendly regions within Iraq. Such an area is a breeding ground for militants.
Also there's the fact that Osama bin Laden said 10 years ago that the price of a barrel of oil should be $144. He got that wish too.
I do not think that the US system will collapse like the Russian system did after their ruinous sortee into Afghanistan, because the capitalist system (even unregulated like at the moment) is far more durable than any (state or private owned) monopolist system such as that in the Soviet Union. -However, the trillion dollar war in Iraq (and to a lesser extent, Afghanistan) is doing two things to the US (and global economy): Causing the world oil price to inflate, which has a knock on effect to the economy, and causing the US government to borrow the money needed to pay all those lovely lovely no bid contracts that Halliburton got. This has exacerbated the mortgage crisis by constricting the supply of money to borrow.