He opened up a bit after the Iraq invasion, but we were still one of the most socialist countries in the planet. There was virtually no functioning private sector, fuel and basic food supplies were heavily subsidized by the government, over 80% of the labor force was working for the government or government owned enterprises.
Although if you asked Geddaffi, he used to say he wasn't a Socialist, he called his economic and political theory, the third universal theory, which according to him solved the problems of Capitalism and Communism