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Economic Democracy vs Bankster Plutocracy

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Derryl Hermanutz
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4. All newlyweds in Libya used to receive $60,000 dinar (U.S.$50,000) by the government to buy their first apartment so to help start up the family.

5. Education and medical treatments were free in Libya. Before Gaddafi only 25 percent of Libyans were literate. Today, the figure is 83 percent.

6. If Libyans wanted to take up a farming career, they would have received farming land, a farming house, equipments, seeds and livestock to kickstart their farms... all for free.

7. If Libyans could not find the education or medical facilities they needed, the government funded them to go abroad. For it was not only paid for, but they got a U.S.$2,300/month for accommodation and car allowance.

8. If a Libyan bought a car, the government used to subsidize 50 percent of the price.

9. The price of petrol in Libya was $0.14 per liter.

10. Libya had no external debt and its reserves amounted to $150 billion -which are now frozen globally.

11. If a Libyan was unable to get employment after graduation, the state would pay the average salary of the profession, as if he or she was employed, until employment was found.

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I spent my working life as an independent small business owner/operator. My academic background is in philosophy and political economy. I began studying monetary systems and monetary history after the 1982 banking crash that was precipitated by (more...)
 

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