Sonntag, Dezember 06, 2009

Dubais Problem

Dubai has no oil...no natural resources...and no real industry. The rulers tried to turn it into a financial center. Entirely financed by debt. And now finance itself is falling apart.

Quelle: Dubai, the Financial Center Built on Sand

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Dienstag, April 14, 2009

The Hands that built Dubai

Über die Muslime fluchen ja viele Neokonservative und Exponenten von Rechtsaussen, aber wenn es um Wirtschaftsthemen, Beschäftigungspolitik und Arbeiterschutz gänge, wären sie garantiert Brüder im Geiste:


Decadent Dreams from Philip J. Wiseman on Vimeo.

Dazu sei auch der Hintergrundartikel The dark side of Dubai empfohlen:

Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history.

[...] This is all supposed to be illegal. Employers are meant to pay on time, never take your passport, give you breaks in the heat – but I met nobody who said it happens. Not one. These men are conned into coming and trapped into staying, with the complicity of the Dubai authorities.

[...] For Emiratis, this is a Santa Claus state, handing out goodies

"[...] We won't be like France. Imagine a country where they the workers can just stop whenever they want!"

[...] "All the people who couldn't succeed in their own countries end up here, and suddenly they're rich and promoted way above their abilities and bragging about how great they are. I've never met so many incompetent people in such senior positions anywhere in the world."

Quelle: The dark side of Dubai - Johann Hari, Commentators - The Independent

Via: Dubais Nightmare

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Freitag, August 29, 2008

Immobilien-Blasen in Dubai

"So who's buying all these vacant houses, streets and islands? Some - and not just the conspiracy theorists either - say Dubai is a massive funnel for dirty Russian money. Others, including myself, reckon speculators buy into the hype...hoping a bigger idiot will buy into it a year later and hand them a handsome return.

"The trouble is, sooner or later you're going to run out of idiots. Even here in Dububble the supply of them is not without limit."

Quelle: Is Dubai the Bubble It's Made Out to be?

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