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CORRUPTION AND GOVERNMENT HYPOCRISY;
NEXT SECURITY CRISIS"?
It is likely that as long as civilisations have existed, so
has the corruption of power holders. In the 21stCentury we can witness it on a
regular basis, not only in dictatorships and manifestly undemocratic nations,
but also in the world’s most financially and technologically advanced states,
that somehow pride themselves on being democratic trailblazers. But the
realities sadly are different. Peter Crisell’s powerful contribution to the
discussion illustrates this, and the hypocrisy of governments within whose
stewardship these events occur.
But no one knows when, if ever, the shame will overtake the greed, in order that
such circumstances can be consigned to the more disreputable aspects of the
history of our times. [continues...]
Next Security Crisis?"
After years of ups and downs in negotiations,
a deal on Iran’s nuclear programme has finally been reached. Predictably, there
is opposition to the deal in the US, where the Republicans see an opportunity to
embarrass President Obama, and in Israel, where many would have preferred an
isolated Iran. Elsewhere, however, there has been surprisingly little
resistance: even the Saudi monarchy, until recently fiercely opposed to the
deal, has at least in public accepted the deal, after a round of secret
diplomacy by the White House. There are some players in the oil industry who are
not happy about Iran re-entering the market big time, including Iran’s friends
in Moscow, as oil prices will be pushed further downwards. In fact as the deal
neared and was finally signed, oil prices fell by 15% on the mere expectation of
increased supply in 2016. But Russian oil companies are already positioning
themselves for investing heavily in Iran, alongside the Europeans. We focus
below on the outcomes and geopolitical effects that can be expected. [continues...]