If you look at the area between the Tigris to Palestine it is nothing but desert. So it was the best areas for flocks and crops.
Many Americans opposed the war on moral grounds, appalled by the devastation and violence of the war. Others claimed the conflict was a war against Vietnamese independence, or an intervention in a foreign civil war; others opposed it because they felt it lacked clear objectives and appeared to be unwinnable.
The answer is economic recovery package of aid from the United States to western europe after WWII.
It would be "China" that is currently privatizing by transferring ownership from the public sector to the private sector, since although China remains a communist country, it understands well the benefits of a certain amount of capitalism.