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Libya : what next? « Previous | |Next »
August 26, 2011

As the endgame of the Gaddafi regime in Libya draws to a close with the liberation of Tripoli the western powers (France, Britain and the US) move in to shape the Libyan revolution. They will support a government of national unity but expect a payback for their investment in the Libyan war and regime change.

The payback will be in oil and commercial deals, political support and perhaps even the return of western military bases. No doubt the US will push for the privatisation of the oil assets of what is an oil state with a dependence on a high-priced primary commodity.

JenningsBGaddafi.jpg

The dependence on a high-priced primary commodity such as oil will cause the country’s currency to rise, and that means that manufactures, handicrafts, and agricultural produce from that country artificially cost more to countries with lower currencies. This effect---the so called “Dutch disease”--can be addressed by diversifying the economy. The best way to do so this is to use the petroleum receipts to promote other industries and services.

The cash flow from petroleum exports could make it possible to ease the transition to solar power. Libya’s big desert is ideal for photovoltaic panels and it will be hit hard by global warming.

Update
The US has fought a covert war for regime change in Libya – its third violent overthrow of a government in the Middle East in ten years without congressional authorisation. Michael Boyle in his Obama: 'leading from behind' on Libya in The Guardian says:

At the most basic level, the Beltway take on Libya reveals the narcissistic myopia of the American political establishment. On both sides of the political divide, American foreign policy experts seem incapable of imagining a crisis that does not demand more American "leadership". They cannot believe that events such as the revolution in Libya are possible without the backing of America or that such events are not necessarily a referendum on the foreign policy of the sitting American president. Neither side questions the hyperactive interventionism of American foreign policy or challenges the premise that "regime change" should be pursued even when (as in Libya) it falls well outside the limits of the UN mandate.

The overthrow of the Gadaffi regime – one that murdered its own people, supported terrorism and committed grave human rights abuses – should be credited to the Libyan people with NATO playing a supporting role.

| Posted by Gary Sauer-Thompson at 9:45 AM | | Comments (2)
Comments

Comments

The Gadaffi regime was one of secret police rule, looting of the national treasury, disappeances, torture, and military adventurism abroad.