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RE: When Politics ruin economy

in #politics6 years ago

This kind of comeuppance was just waiting to happen to the KSA. The USA panders to them because they have oil. Arab countries pander to them because of Mecca and Medina. If it wasn't for these they may also be important from a geographic point of view in strategic defence, but that is about it. As we transition out of carbon based fuel they will have less money. The Saudi's dont manufacture anything of importance beyond oil. Once that ends, they are screwed. This pulling out business by companies will speed this process.

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actually the Davos in the Desert was about solving this problem! bringing economy giants to the desert to make a sustainable economy hub. a new Singapore! but they don't really know, Singapore has proven to the world community, that people care about freedom of speech, respecting others' beliefs and ideas and not enforcing everyone to accept your ideology. this simple fact is missing by the young crown prince.

Didn't he want to create that mega city on the red sea that would have completely different laws then the rest of the country?

I have heard things, but don't have in depth information and have no interest in it!
what interests me, is central powers and governments to understand and accept the importance of our mindset and appreciation for their responsibility at power.