Two takes on on the miracles of capitalist transformation in the Gulf. The WP: "Tomorrow's emerging Mkts" and Mike Davis: "A Paradise Built on Oil"
Let's hope Bush isn't serious about requiring (or a least politely requesting, or humbly suggesting...) that US autos achieve 35/mpg by.... 2020!! or else, this miracle of capitalism might just be one more function of the boom-bust cycle that we all know and love so much...
BTW, if sea levels rise dramatically in the next few years and decades, what will happen to that map of the world that Dubai is building in the Gulf? Perhaps they'll call in Halliburton to reconstruct in a more accurate likeness of he world...
1 comment:
Both good pieces, thanks for sharing. I remember reading other articles about UAE sand castles circa 2005, when the Davis piece was written.
If only gas were still $2.33 a gallon, & oil $61 a bbl as stated in the preface by TomDispatch, 2005.
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