Joined up thinking for the Irish Left
New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan
13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips
Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony
Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young
Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft
Irish Left Review >>
Why is my rent so high? Mon Oct 31, 2016 18:51 | Gavin Mendel-Gleason
Review of Capitalism: Competition, Conflict, Crises by Anwar Shaikh Sun Oct 30, 2016 16:21 | Gavin Mendel-Gleason
Electoralism vs Abstentionism (Or: Why You Should Run For Office) Fri Aug 26, 2016 17:07 | Slyvia Smith
Centrism extremism: how horseshoe-politics silences brutality Sat Jul 02, 2016 18:25 | yeksmesh
Of Tankies, Trots and Social Democrats Thu May 12, 2016 23:41 | Gavin Mendel-Gleason
Spirit of Contradiction >>
Interested in maladministration. Estd. 2005
RTEs Mary Wilson: A woman with some brain…
Irish journalism: Suffering from a serious malaise Anthony
Brian Cowen: A political idiot Anthony
Hell at the Gates: A propaganda exercise Anthony
Breaking: New minister for investigative judges to be appointed Anthony
Public Inquiry >>
A bird's eye view of the vineyard
Sheikh Imran Hosein about Donald Trump elected US president Sun Dec 04, 2016 13:07 | The Saker
Who are the Sunnis? A Lamentation Sun Dec 04, 2016 13:04 | The Saker
by Anwar Khan As I sit to answer this I am gripped by a state of unexpected indetermination as what I thought to be a painless task has become rather
From ?grandmas separatists? in Mariupol to students in Donetsk the relay race of Russian patriotic s... Sun Dec 04, 2016 11:54 | Scott
It’s almost impossible to explain to people who didn’t grew up in the Soviet Union, or in the 90s, how truly these songs bring people together. Performed by the Russian
Until Forever, Commander!/¡Hasta siempre, Comandante! Sat Dec 03, 2016 12:48 | mod editor
This comment was chosen by Mod FK from the post “Lenin comes to the White House”. The moderator felt this comment is very topical and magisterial in its structure and
Hollande was the ultimate patsy Fri Dec 02, 2016 23:46 | The Saker
by Ramin Mazaheri The world can say ?So long Francois Hollande – we hardly knew ya?. Hollande, after all, was a purely national-level politician when he won office. His big
The Saker >>
Did Al Gaddafi Mismanage Libya's Oil Wealth?
Tuesday June 04, 2013 14:08 by An Draigneán Donn
Answering the claim, by a certain Liberal, that Muammar al-Gaddafi wasted Libya's oil wealth.
Did Al Gaddafi mismanage Libya's oil wealth?
In relation to your question, we have to consider the criteria by which these commentators are judging mismanagement. These commentators are Neo-Liberals. As far as they are concerned, profits from oil should be used to push up share prices in multi-national corporations. To spend oil profits on feeding hungry children, or giving them free housing or free food is gross mismanagement. Such dastardly behaviour pushed down property prices, and makes it very difficult for property speculators to make a quick buck.
Another case of gross mismanagement was when Al-Gaddafi decided to spend 40 billion of oil revenues on building the Great Man Made River. Sure, it gives Africa as much water as the Nile flowing for 200 years. Sure its, by far, the biggest engineering project of all time. Sure, it's, by far, the greatest humanitarian project of all time. But, where is the profit for private investors??? Al-Gaddafi was giving the water to poor farmers at discount prices. No profit at all. He was giving the water to people to drink for free. The damned scoundrel. And the worst part of it all - he built the entire project without borrowing one single penny from the international banksters. How can you build anything without giving the banksters their cut??? This man was a dangerous terrorist. He had to be stopped.
And, as if that wasn't enough insanity, Al-Gaddafi stock piled 140 tons of gold in Tripoli to be the basis of an African Central Bank, with a pan-African currency, the Gold Dinar. No longer would the USA be able to buy African oil and mineral resources with Monopoly Money - that is simply printed at will. Africa would have to be paid with real value. The IMF and World Bank vultures would be kicked out, and the 25,000 children, who die every single day from drinking dirty water, would have clean, fresh water to drink, and food to eat. Can you imagine more obscene mismanagement of Libya's oil money?
It's on a much smaller scale of mismanagement, but, Al-Gaddafi also used Libyan oil money to support freedom struggles in places like Ireland, the Basque Country, and Palestine. Al-Gaddafi, the fool that he was, didn't understand that freedom only means the freedom of the rich to profit. He had silly ideas about nations having dignity and honour and sovereignty.
Not only that, but, instead of putting the oil money into the hands of a tiny Libyan elite, along with Anglo-Saxon oil companies, as King Idris had done, Al-Gaddafi built roads and hospitals and mosques in many African countries. This was money that rightfully belonged to the Libyan business and landowner class.
We see that Ireland is an excellent example of good management. When times are good, the rich become incredibly rich. When the greed of the rich destroys the whole economy, the poor pay for the crimes of the rich. That's what these commentators consider to be good management, and that's what their "revolution" has now brought to Libya.