Today, capitalism is cowardly, not rampant. The occupation of Iraq showed the limits of the military might of the United States (and Britain). Occupied Iraq also provides an illustration of the limits of contemporary capitalism. The New York Times notes that:
Next month the United States and Iraq will gather hundreds of officials and company executives for a two-day conference in Washington intended to send a message that after six years of war, Iraq is open for business, and not just in oil. Now more than ever before, Iraqi officials boast that a trickle of foreign investment — including the first new hotel in Baghdad since Saddam Hussein’s government fell — is at last poised to be a flood.
These claims, however, seem to be hype. Mejul Mahdi Ali, president of an investment commission created to promote the electrical industries, tells a different story.
“Capital is cowardly,” said Mejul Mahdi Ali, the president of Diyala’s newly created investment commission. “It is always looking for a safe place.”
Where the Iraqi state is too weak to secure favourable conditions for capital investment, the free market fears to tread. Iraq is being rebuilt hesitantly, unevenly and with large doses of state subsidies from the 'neo-liberal' United States.