How Saudi Arabia's spending spree reached the end of the line
Posted by Tartan_Samurai@reddit | anime_titties | View on Reddit | 14 comments
Posted by Tartan_Samurai@reddit | anime_titties | View on Reddit | 14 comments
Butterfly_Mine_69@reddit
Well yeah, Saudi's just been free money to any investors able to talk them into whatever new megaproject they're sure will gain them international respect
Boris2509@reddit
Who would've guessed that killing Jamal Khashoggi and cracking down on human rights protestors would be a red flag for investors?
king_of_andheri@reddit
you’re naive af if you think global investors and the epatein class have an OUNCE of care about human rights or journalistic freedom 🤣
Boris2509@reddit
Mf be forgetting about optics and calling other people naive 💀💀💀
king_of_andheri@reddit
are you talking about the same optics that’s making them bend over for trump and israel and go full throttle towards fascism?
Boris2509@reddit
Stop acting like "investors" is a homogeneous group lmao. Every investor and firm has their own rules and guidelines for risk. And this is a risk a lot of them will definitely be thinking about💀 just because capitalists barely have morals and profit is king but once some investors pull out others will also pull out. Investments in less predictable countries are inherently more risky.
Ironlion45@reddit
And you'd think the Saudi Royals, if anybody, would understand why investors would be nervous, since they themselves pretty much handle most threats by killing them.
mdasnu@reddit
They're businessmen, they're here to make money, not to uphold human rights.
The problem with countries like KSA is, as already said, the lack of predictability. Absolute monarchy means the rules are according to the King's current mood, and that's not good for long term business plan.
You are free to kill any journalists and protestors without freaking out the investors, as long as you have a clear rule about it. Like "Zero tolerance to anti government speech, except suggestion from business sector", if you can back it up, including killing your own uncle for speaking up against you, and not touching any investors who just want to give suggestions, then investors will flood up your country.
Restraining yourself from killing your own uncle would just creates a loophole and you'll be back to square one, where rules are inconsistent. A clear rule of the game (whatever it is) is supreme for long term investors.
2stepsfromglory@reddit
Most of these companies don't give a fuck about that. They simply discovered that Saudi Arabia is ruled by a family of out of touch, absurdly rich tyrants who are easily guillable by a powerpoint presentation with urban planing filled with drones and futuristic buildings, hence why they have been scamming the idiot bin Salman by stroking his ego and selling him the idea of creating completely useless, pharaonic megaprojects that everyone knows are not viable at all due to the fact that the logistics of building (and especially mantain) fully functional futuristic cities in the middle of a desert are absurdly expensive, yet as long as bin Salman pays the bill they've been happy not to say a peep. Now seems like the idiot has realized that he was basically throwing money away and is trying to downscale most of those projects, but at this point he's not simply ditching them due to a matter of sunk cost falacy.
pratyd@reddit
Not due to sunk cost fallacy but due to failure not being digestible to his ego.
Upper-Rub@reddit
It’s a theocratic absolute monarchy. Investors think they want to cut deals with despots so they don’t need to worry about the popular opinion, but it is an inherently unstable formation. KSA loved when Trump ripped up the Iran deal, and while there has been a lot of misinfo on what the current war started, it’s at least as plausible to me that KSA supported the initial strikes to some degree. They are completely and utterly disconnected from reality.
there_is_no_spoon1@reddit
Create wildly unrealistic project ideas with enormous costs, then when reality hits and these projects *cannot* be anywhere near completed, much less even started, blame "investors". It's a country run by fools and yes-men who know absolutely nothing about civic infrastructure or building. They can all sink right into the sand.
Ironlion45@reddit
No no no, don't hold back. Tell us how you really feel.
HighHopesEsteban@reddit
noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!