Anybody care that countless billions wasted in Iraq and Afghanistan?

American multinational KBR has its tentacles everywhere, including in Australia.

The US-based Project on Government Oversight laments the over-reliance on suspect corporations with little or no accountability.

This is the definition of disaster capitalism:

At least one out of every six dollars spent by U.S. taxpayers on contracts in Iraq and Afghanistan over the past decade–more than $30 billion–has been wasted.

That, and the fact that the government over-relies on contractors for contingency operations, are the key findings in the final report issued today by the Commission on Wartime Contracting in Iraq and Afghanistan (CWC). The eight-member, bipartisan, congressionally chartered commission filed the 240-page report with the House and Senate this morning.

Taxpayers have spent a total of $206 billion on contracts in Iraq and Afghanistan. More than $40 billion of this was awarded to KBR. KBR and 21 other companies accounted for more than half of the total. An additional $38.5 billion went to “miscellaneous foreign contractors,” demonstrating once again the difficulty of compiling reliable, accurate contract spending data in those countries. The CWC estimates that waste and fraud have amounted to at least $31 billion and possibly as much as $60 billion (about $12 million every day for the past 10 years) and warns that we may be at risk of losing an equal amount of money if the governments of Iraq and Afghanistan are unable or unwilling to sustain U.S.-funded projects after we leave.

Text and images ©2024 Antony Loewenstein. All rights reserved.

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