The last decade has been a turbulent one for the Islamic world. Dramatic events have shaken the region and dominated the headlines. One of the biggest changes, and also one of the quietest, has been the transformation in Libya, and Muammer Gaddafi specifically. Once the nemesis of the United States, Muammer Gaddafi has silently been evolving into a more open and moderate leader.
This week the Financial Times is reporting that Gaddafi is moving to initiate free-market reforms, pledging to amend laws to promote private enterprise and encourage international trade and economic cooperation. Gaddafi, whose government once controlled every aspect of Libyan society, is now playing a different tune. He said that government control inevitably leads to corruption and theft, and that the only solution is to allow the people to manage public funds. Admitting that in the short-run there might be chaos, Gaddafi said that such reforms were necessary.
I am excited for the people of Libya and this opportunity. I hope the transition goes well and that a strong business community will develop. The world will be keeping an eye on Libya’s progress. A stable and prosperous Libya would send a strong message to other countries on the virtues of private enterprise.
Secretary of State Condoleezza Rice will be visiting Libya in a few days which will mark a new era for relations between the countries. The U.S. should offer Libya whatever support they need and I hope Gaddafi will be willing to accept. Amidst the U.S. political party conventions, I hope the candidates can take a moment to recognize the trip and commit to supporting Libya’s continued transition to a free and open society.
Published Date: September 03, 2008