Broke Britain

clipped from www.michaeltotten.com "I actually think the British played a larger role in the coup than the US." Yes. Britain was absolutely broke after WWII, and the prospect of losing billions of capital invested in the Anglo-Iranian oil industry was appalling. It was the same problem as Nasser grabbing the Suez canal. I suppose the moral is, never invest in another country. For example, investments in mines in Zimbabwe are now under threat. Note that the British Labour Government of the 1940s nationalised almost all the industry in Britain except the plants belonging to Ford and General Motors. What would have been the US reaction if they had?