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. 😉