plummeting oil prices and 13 years of official looting leave iraq on the brink /

For 13 years,Iraq's post-Saddam elites have run amok, looting the country's riches while creating a pervasive culture of corruption that spreads all the way down -- only the continual injection of recent money from the country's oil-fields kept the whole thing from collapsing. (more…)

Source: boingboing.net