To Baroness Emma Nicholson
Open letter 2: To Baroness Emma Nicholson of Winterbourne, executive chairman of the Iraq Britain Business Council
On reading your letter about the huge potential of investment in Iraq on the Political Cleanup site: Iraq, to the victor, the spoils, we wish you would reconsider and urge a redirection from exploitative foreign ventures to the rebuilding of the British economy.
Further information on this can be found in Hines’ Localization, a Global Manifesto and his forthcoming Progressive Protectionism:
“. . . whereby countries rebuild and rediversify their economies by limiting what finance and goods they allow to enter their borders, and in the process wean themselves off export dependence. This would allow space for domestic funding and business to meet the needs of the majority in society. Such a policy would render impotent the threat of relocation that bankers and big companies invariably invoke should any nation have the temerity to call for an end to banker’s bonuses or increased taxation of the richest 1%.”
Can the ethical imperative to ’meet the needs of the majority in society’ be rejected in favour of ventures which enrich the few?