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Why Saudi Arabia is doomed
Why Saudi Arabia is doomed
Saudi Arabia may seem to many of us to be a country with a golden future. A country with enormous reserves of wealth, collected from almost a century of trading in oil and holding a monopoly on the world's hydrocarbon market. BUT... I would argue that the enormous economic power the Saudis built on the hydrocarbon market has doomed their country, as well as those of their neighbors in Qatar or the UAE. The holding of such a monopoly stagnated political development and therefore left these countries in a position of being ill-prepared for a world after oil. To showcase this, I will however take you to a different place first. The Congo Why Nations Fail by Darren Acemoglu and James Robinson A world History of Slavery by Milton Meltzer Conquerors by Roger Crowly Impromptu no. 4 in A flat major, D. 899 Preludes, Op. 28 - No. 15 'Raindrop' Ballade no. 1 in G minor, Op. 23 You might be interested in this video too: https://www.youtube.com/watch?v=404IeUzGNZ4 Thank you again, and don't forget to subscribe to watch more.
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Why Saudi Arabia is doomed