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42 sats \ 1 reply \ @spiderman OP 17 Aug \ parent \ on: Saudi Crown Prince MBS’s gigaproject Neom now faces an $8 billion write-off econ
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.
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