Actually, It's Pretty Clever. . .
by
Thrasymachus
10/24/2009, 7:37 AM #
The US is sending trillions to the middle east muslims for oil
purchases and Obama decides we need to use taxpayer money to subsidize
businesses in muslim nations. Am I crazy for saying the Arab sheiks
should be the ones doing this, not the US taxpayer???
If you read between the lines, it's pretty clear that OPIC is designed to provide targeted financing for a very particular kind of project, one that the "Arab sheiks" and other authoritarian leaders in the Arab world might never even allow were it not for the potential embarrassment of turning down "free American money." Specifically,
"OPIC said sample projects could help foster
the development of new computer technology or telecommunications
businesses, or widen access to broadband Internet services."
On balance, it's a pretty cost-effective way to build relationships with technical and business communities across the Arab world, while promoting the development of technologies that will make it increasingly difficult for authoritarian governments to monitor and control the flow of information through their society and across national borders.
It's also, not to put too fine a point on it, a cost-effective way to build new markets for American information and technology companies. . which God knows, our economy could use.
I realize that it's a far cry from the previous Administration's notion of "engagement" with the Islamic world, but even if you think it's an utter waste of time and money, it's got to compare favorably to the tens of millions of dollars that the Republicans spent paying Blackwater contractors to do this.