A laugh. From a Galambos Fan. A link to a posting on Dubai’s economy.
“Capitalism is that societal structure whose mechanism is capable of protecting all forms of property completely.” — Galambos Is the new epic-center of capitalism to be the Islamic World?
They already have a religion… 😉 But let’s look at this Islamic world:
- Low median iq.
- Poor education.
- Science-denying biases.
- Rampant mysticism.
- Religious schism.
- No core state
Dubai simply has no oil and wants to be the Switzerland of the Muslim world. This is not a capitalist strategy per se. It makes no appeal to the social order. Instead It is a casino strategy – draw from extended regions whomever you can regardless of how they obtained their money. Capitalism is either a social order with incentives for all members, or it is a platonic and absurd personal philosophy that runs counter to the facts. 😉 Curt
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