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How many Ph.D.s go around wielding AK-47s like that?
Blog topics include politics, economics, housing, and the stock market.
James Parsons
Washington, D.C. area, USA
I'm a classical liberal, because I believe a system of personal freedom and free enterprise leads to greater human well-being than other legal and economic systems.
I am the webmaster for JP's Real Estate Charts, Stoxford Stock Charts, and The Libertarian Quiz.
How many Phd's have the opportunity to inherit several billion dollars in wealth and possibly take over the family business which could provide him and his heirs with additional billions?
ReplyDeleteIn terms of game theory, he has everything to gain by fighting and everything to lose by surrendering. The international community has publicly announced that it is trying to seize his families overseas assets worldwide. So if he fleas the country (assuming he can find a country to take him) he probably has close to nothing. There is also a movement to try him as war criminal at a UN criminal court. If he stays in Libya and surrenders again, he loses billions and probably goes to jail or just gets shot.
So its probably more rational for him to fight than just about anyone on the planet. If he stays and prevails, he is still a billionaire. If the overseas governments seize his assets, he can nationalize overseas assets in Libya to partially make up for this loss.
If the international community wanted him out, they should have provided more incentives to encourage him to leave. When the US provided a safe haven for the Marcos regime or the Shah, the leaders fled with there billions rather than fight. We could have done the same thing here.