Introducing DisneyIraq: The Unhappiest Place on Earth

"I'm a businessman. I'm not here because I think you're nice people. I think there's money to be made," explains Llewellyn Werner in his pitch for a vast recreational complex to be built in, of all places, Baghdad. "I also have this wonderful sense that we're doing the right thing -- we're going to employ thousands of Iraqis. But mostly everything here is for profit."

It has come to this. We're not even pretending anymore. As the years, memories and excuses have fallen away like dead skin, America's invasion of Iraq has revealed itself for what it truly is: a consumerist pipe dream. The Great American Mall of the Middle East. Disneyland in the desert.

And since we're already giving away billions in duffel bags, why not throw another billion or two down the money pit? Where there's funding, there is fire. And in the case of the Baghdad Zoo and Entertainment Experience (BZEE), there may also be firefights. If you can ignore the bullets, IEDs, power outages and, well, the entire occupation, you might just have yourself a good time.

"In Southern California, there's drive-bys and everything else," reasoned Ride and Show Engineering Executive Vice President John March, whose company has been contracted to develop the site, which is adjacent to the Green Zone and fast-tracked by the Pentagon. "So there's danger everywhere. I think the key thing is this will be tremendous for Baghdad," he explained to Fox News chatterhead Bill Hemmer.

If by "tremendous" he means a huge target, then March, who refused to participate in this article, is dead right. It is also financially tremendous for C3, the hedge fund holding company that Werner oversees: Already given a green light from the Pentagon and an endorsement from Gen. David Petraeus, Werner secured a 50-year lease on what used to be acreage containing Baghdad's looted and left-for-dead zoo for "an undisclosed sum," according to the UK's Times Online. He is quickly building everything from a skate park, museum, concert arena and rides to future diversions. So far, Werner has collared $500 million from his elusive investors, who are practically impossible to find (a rarity in the Internet age) and secured joint partnerships across Iraq for a variety of projects. The million-dollar skate park is scheduled to open this month, and further hotel and housing developments will follow, especially since Werner has exclusive rights to them.

And although they may be managed by Iraqis, their profits belong to America. Just like most of country's oil reserves.

"Even the idea of bringing U.S.-style escapism entertainment to the hell of Baghdad is absurd," explains author and journalist Dahr Jamail, who, unlike the majority of his peers, has actually ventured outside the Green Zone without being embedded in a military detail. "Just watch how much of this infrastructure even gets built."

That's just the beginning of the problems, explains journalist Sharon Weinberger, who covers the Pentagon and other disaster capitalist complexes for Wired's Danger Room. (Full disclosure: I cover music for Wired's Listening Post.) The BZEE may get built after all, but who's to say it'll be left standing when the smoke clears?

"Even if they do pull this off, then the park's immediate survival, like any private business, is going to depend on stability and the ability of the Iraqi government to control violence and ensure public safety," Weinberger says. "If the situation in Baghdad deteriorates, I think the idea that the park will somehow be spared violence is, sadly, naive at best."

What seems most naive, however, is the idea that any American business venture launched in the miasma of Iraq's reconstruction is dealing in good faith. From Halliburton to Bechtel and on to Blackwater and beyond, the place has been an epicenter of fraud and corruption, and that's just the so-called private sector. Our collective public enterprise has been as daunting a failure: So far, the war has cost hundreds of billions in dollars and hundreds of thousands of lives. By the time it's all over, those numbers could skyrocket, and the last thing anyone is going to want is a Los Angeles hedge fund looking to stash its money in a private-public partnership that serves no real purpose.