Why is Dubai in so much trouble?
Wed, 02/18/2009 – 2:49pm
Great rant from blogger David Galbraith via Boing Boing:
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively the proposition that created Dubai – it was a stupid idea before the crash, and now it is dangerous.
Why is Dubai in so much trouble? | FP Passport.
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