Club Mulgoa

Tuesday, February 22, 2011

Libya

The markets around the world are only interested in short term events. The best thing to happen to Libya now is to get rid of a despot. That kind of political stability is fake; ie, it is due to political suppression, not politcal stability. In the longer term, that nation is better with democracy. It might not come yet as a religious body may usurp power but the people will eventually rise up too against authoritarian rule. Let us see what will happen in Iran...

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