News Corp. topper Rupert Murdoch has warned that a prolonged war in Iraq could have profound negative economic and political consequences.
“There is going to be collateral damage, and if you really want to be brutal about it, better we get it done now than spread it out over months,” he said Wednesday at a news conference at the Milken Institute Global conference at the Beverly Hilton. Murdoch appeared on a Global Economy panel at the event.
The longer the Iraqi conflict, Murdoch noted, the greater the possibility for political instability in the Arab world and terrorist attacks. “That would hurt this country in a major way,” he added.
Murdoch also said he believes the U.S. will ultimately be welcomed by the Iraqi people and added, “We worry about what people think of us too much in this country.”