So Paul Bremner who is a right wing ideologue, and when they implemented free market reforms in Iraq it consisted of;
Order 37, which lowered Iraq’s corporate tax rate from roughly 40 percent to a flat 15 percent.
Order 39, which allowed foreign companies to own 100 percent of Iraqi assets outside of the natural-resource sector
Order 12, amended by Order 54, suspended all tariffs, thus removing the advantage that domestic Iraqi producers had over foreign producers. However, a 5% “reconstruction levy” on all imported goods was later reimposed to help finance Iraqi-initiated reconstruction projects
Were any successes made? The successes not taking into account Iraq was starting from a low economic base.
However, considering the utter disaster that the types of people who implemented these reforms in the former USSR (Jeffrey Sachs) Why wasn’t the bad results of that pure free market experiment heeded?