War is Good for Business:
Rebuilding Libya with Stolen Money
URL of this article: www.globalresearch.ca/index.php?context=va&aid=26731
Global Research, September 22, 2011
"There is no tomorrow" under a NATO-sponsored Al Qaeda rebellion in Libya.
While a "pro-democracy" rebel government has been instated, the country has been destroyed.
Against the backdrop of war
propaganda, Libya's economic and social achievements over the last
thirty years have been brutally reversed:
The rebels are casually
presented as "liberators". The central role of Al Qaeda-affilated
terrorists within rebel ranks is not mentioned.
"Starting afresh" in the wake of
destruction? Fear and Social Despair, Countless Deaths and Atrocities,
amply documented by the independent media.
No euphoria.... A historical
reversal in the country's economic and social development has occurred.
The achievements have been erased...
Libya's frozen overseas financial assets are
estimated to be of the order of $150 billion, with NATO countries
holding more than $100 billion.
Prior to the war, Libya had no debts. In fact quite
the opposite. It was a creditor nation investing in neighboring African
countries.
The R2P military intervention is intended to spearhead the Libyan Arab Jamahiriya into the straightjacket of an indebted developing country, under the surveillance of the Washington based Bretton Woods institutions. In a bitter irony, after having stolen Libya's oil wealth and confiscated its overseas financial assets, the "donor community" has pledged to lend the (stolen) money back to finance Libya's post-war "reconstruction". Libya is slated to join the ranks of indebted African countries which have driven into poverty by IMF and the World Bank since the onsalught of the debt crisis in the early 1980s:
Continue reading this article: Destroying a Country's Standard of Living: What Libya Had Achieved, What has been Destroyed by Michel Chossudovsky
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