Saudi Crown Prince MBS’s gigaproject Neom now faces an $8 billion write-off \ stacker news ~econ

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I hope it will be another nail in the coffin of Keynesian ideas (fiat money and state sponsored bubbles)

Fighting against comparative advantage is a losing battle.

You mean what ksa was trying was fighting against competitive advantage? Curious why you say so?

The article talks about trying to diversify the economy away from oil production.

While that's certainly fine when it's driven by entrepreneurs hunting profit, it's a loser for central planners.

Comparative advantage is just a description of your greatest profit potential and that seems to be oil and gas for the Saudi economy.

This smelled like money laundering from the beginning