Looking Out for Western Business and Investor Rights: Why the West Approves Military Interventions to Topple One Arab Government and Prop Up Another
In a previous article I pointed to three factors to explain the West’s decision to intervene militarily in Libya to prevent the government there from putting down an armed rebellion while it tacitly approves the Gulf Cooperation Council’s military intervention in Bahrain to put down a peaceful rebellion there. The double-standard, I argued, reflects dramatic differences between Libya and Bahrain in their relationship with the United States and its dominant investor and corporate class.
Bahrain is the home of the US Fifth Fleet, has long-standing warm relations with Washington, and strongly caters to Western corporate and investor interests. Since the Khalifa regime supports US corporate profit-making and military interests, and a new regime might not do the same to the same degree, Washington is prepared to allow Saudi and other GCC troops and tanks to assist Bahraini authorities in violently quelling a peaceful rebellion.
Libya, I pointed out, doesn’t provide bases for the US or other Western militaries, hasn’t had long-standing warm relations with Washington, and isn’t particularly accommodating of Western corporate and investor interests. From a neo-colonialist standpoint, Western powers could do better in Libya.
Some readers objected, arguing that in recent years Libya has sought to open itself to Western corporations and investors and has struck a number of deals with Western oil companies. It cannot be concluded, they continued, that the West’s decision to intervene military in Libya was motivated by Western profit-making considerations, for Libya is already catering to Western business interests.
To be sure, Libya has opened itself to the West, but doing deals with Western corporations is not the same as engineering a wholesale subordination of domestic interests to those of foreign bankers and corporations — typically, what corporate-and investor-oriented Western governments look for in Third World “partners”. For the wealthy (more…)
