From thenation.com: Privatization in Disguise, by Naomi Klein:

Who cares which multinationals get the best deals in Iraq's post-Saddam, pre-democracy liquidation sale? What does it matter if the privatizing is done unilaterally by Washington or multilaterally by the United States, Europe, Russia and China?

Entirely absent from this debate are the Iraqi people, who might--who knows?--want to hold on to a few of their assets. Iraq will be owed massive reparations after the bombing stops, but without any real democratic process, what is being planned is not reparations, reconstruction or rehabilitation. It is robbery: mass theft disguised as charity; privatization without representation.