Re: OWNERSHIP: Alaska dividend model for Iraq

[Mbindnerdc@aol.com]

That is exactly the situation which happened in Russia.  When shares were 
distributed they were traded for Vodka.  What is needed is not one time share 
ownership, but dynamic share ownership, so that workers or citizens get shares 
periodically, not just once.  Do this and they will get voting control.  It is 
also helpful if selling them is prohibited until some future date, age or level 
of ownership is reached.

Michael Bindner

In a message dated 5/2/2003 1:18:11 PM Eastern Standard Time, 
JS@florentin.freeserve.co.uk writes:

> The problem with privatising the Iraqi National Oil Company and then giving 
>the shares out equally to all Iraqi citizens is that the poorer ones will 
>frequently be hard up and will find it tempting to sell their shares. The 
>better off will be able to hang on to their existing shares or even by more 
>shares from those selling them.
> In the end, as usual, the rich will end up owning everything. The only scheme 
>that might work in the long run is for the oil business to be owned by some, 
>hopefully, independent 
> mutual type body owned equally by every Iraqi citizen.
>  
> John Florentin
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