@vondondolo1582

The moment I saw the Neom project advertised with cheap music scores, flashy panels, AI-generated commercials and that ridiculous straight line, I knew Saudi Arabia would be deep in debt and desperate to leverage oil. The desperation is right on schedule.

@Fred_the_1996

Quick, waste even more money on dumb tourist attractions and useless money pits! What do you mean it isn't working?

@rami8896

Its pretty funny how consulting companies like McKenzie scammed them with the NEOM project. Must be nice to start a consulting business there.

@biocapsule7311

That's the thing, they aren't really diversifying their economy. They are just doing a lot of vanity project and call it "diversifying". Even planning their "infrastructure", they think 'Americans', which usually has the worst urban planning globally.

@TheAllRounderMemes

karma
they had unlimited money and they wasted it on stupid shit

@concernedcitizens4110

This is why democracy and boring politics are always the best in terms of uncertainty. The post covid era is the most uncertain ever you really need policy makers with cool heads and steady hands not autocrats with no checks and balances.

@Абдулло-щ3е9э

"My grandfather rode a camel, my father rode a car, I ride a plane, and my son will ride a camel."
-A guy I'm remembering incorrectly.

@mistrants2745

Recently, when looking at the USA, China, Asia in general and now Saudi Arabia, i end up looking back at the EU and the old phrase "Slow is steady, steady is smooth, smooth is fast" comes to mind more and more often.

@TheJoker-qn6vw

This is what eventually happens with people, "when they become flush with cash, they tend to throw money at the dumbest things", then later face the consequences.

@jatindsaini

If oil wasn't enough with such a low population and cheap imported labour, don't know what a country needs for staying afloat.

@getnohappy

I love hearing about $100 a barrel, and then reading all the anti renewable rhetoric from the 'patriotism' and 'sovereignty' focused right wing

@ThanosTheOne

Most of these wealthy Gulf countries rely on foreign workers to build their infrastructure and work in the service sectors, instead of using all that money to educate their citizens so they can do the work and have the expertise. they should’ve learned from South Korea that invested its money in the people.

@will_be_like

There are so many more productive things to do with Saudi money. Build desalination plants, create a plastics manufacturing industry, build up the defense industry, even a space program is more useful than neom and the line

@AlfieWoodland

Quick, build more insane theme parks and skyscrapers! ...why isnt it working!?

@ChristoMch

Sports-washing getting too costly

@Freestyle80

Saudi Football League, spent over 4 billion in less than 2 years and viewership is still abysmal and most of the players are now realising the money isnt worth it 😂

@---ml4jd

I'm from Saudi Arabia, whether the economy crashes or not, it doesn't concern me, I'm unemployed and poor anyways.

@freddiemercury2075

When you spent 10% of your GDP on Cristiano Ronaldo.

@Hession0Drasha

You can't run an economy of millions of people just by owning other peoples stuff. You can't attract top talent for r and d, whilst being culturally restrictive. The top talent will always choose open and fun places to live.

@rheawade

Nothing of Value was lost