Libyan Studies - Ronald St Bruce

This quote was added by shaktimaan
If socialism is defined as a redistribution of wealth and resources, a socialist revolution clearly occurred in Libya after 1969 and most especially in the second half of the 1970s. The management of the economy was increasingly socialist in intent and effect with wealth in housing, capital and land significantly redistributed or in the process of redistribution. Private enterprise was virtually eliminated, largely replaced by a centrally controlled economy.

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