May 07, 2009

Behind the facade of Dubai

This article in the Independent provides a fascinating and troubling look into Dubai.

I've never been to Dubai, but having been an expat myself at one point, I feel qualified to comment on the typical attitude of wealthy western expats towards the working poor. This article, though extreme, is completely accurate from my experience. I found that the British were always the worst (in terms of their disdain for and abuse of the 'slave class'), followed by the continental Europeans, then the Americans. The Aussies were by far the best.

Dubai will most likely collapse, as it's a testament to the huge (and unsustainable) transfers of wealth from the world's working classes to its elite classes over the past 20 years. The only way in which it might survive is as a safe haven for the international kleptocrats, in the event that they are run out of their own countires due to a populace that is fed up with being robbed.

Posted by: Hermit Dave at 10:18 PM | Comments (2) | Add Comment
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1 One wonders how long they'll last if the US and European governments keep insisting on bankrupting themselves and dragging the private sector down with them.

Posted by: doubleplusundead at May 12, 2009 08:35 AM (Gq4yo)

2

No real argument DPUD, but your comment begs the question:  What is the private sector?

It's certainaly not Goldman Sachs (their tentacles into the bureaucracy are well established), nor any of the other 'too big to fail' institutions.  The true private sector is (and always has been) small business.

Posted by: Hermit Dave at May 13, 2009 11:41 PM (WhFvm)

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