Qaddafi'S Regime Is Having An Identity Crisis
The great socialist jamayiriya, which is neither socialist nor great, is having an identity crisis these days. The steps the regime has taken; such as liberalizing the economy, privatization and even establishing a stock market (I do not think there is two Libyans companies worth listing on there little market), leave Qaddaffi's socialist agenda with nothing but the name. Now a reasonable man would admit the inefficiency of his ideas and have the courage and conviction to correct his course of action. These people however, are anything but reasonable or courageous.
Qaddaffi and cronies, as usual, try to weasel their way out when faced with serious challenges. Qaddaffi, perhaps borrowing a page from the Chinese model, would liberalize the economy but keep a tight grip on the reins of power. The apologists for the system, to save face, have coined a new phrase to explain this new political/economic reality it is called ,I kid you not, (social capitalism). Karl Marx himself could not have dreamed up this one.
It is a known fact, but less known to Qaddaffi and company, that economic liberalization followed by a general prosperity in a any society will eventually lead to the democratization of that society. If this holds true then the end of the regime might be sooner than we think.
H. M. Elkhadem