Another Failed "Revolution" ??

Nearly four decades after Moamer Kadhafi overthrew Libya's king and imposed his 
own brand of "Islamic socialism," his son is calling for an end to the 
revolutionary era and an embrace of Western ways.
Kadhafi developed his famous "third way," a mix of capitalism and socialism. 
Under it, he takes the strategic with their implementation left to elected 
Popular Committees. 


But in a nationally televised speech 10 days ago in the Mediterranean coastal 
town of Sirte, Kadhafi's son, Seif al-Islam, issued a blistering indictment of 
the state of Libyan society and its economy.

He lamented the fact that there was no "people power" in Libya as called for by 
the "Green Book" penned by his father 30 years ago. The book, which grew 
eventually to three small volumes, spells out the elder Kadhafi's political 
ideology.

"Let's stop kidding ourselves that we are living in a paradise, one in which 
public sector officials act as though they own the companies they manage," Seif 
said."The beneficiaries of this chaos are a group of state employees and big 
wigs united in an unholy alliance resembling a mafia," he said.

Prime Minister , Baghdadi Mahmudi said he had a "new vision for the development 
of banks, notably the opening of the sector to private and foreign banks to 
boost investments and give a fillip to the country's economy".

Seif al-Islam called for a "determined pursuit of the privatisation of 
enterprises, notably telecoms and banks, and opening the doors to the 
installation of foreign banks from next year."

http://uk.news.yahoo.com/31082006/323/kadhafi-s-son-calls-closure-libyan-revolution.html

alan johnstone
homepage:- http://mailstrom.blogspot.com/


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