Posted on 04/12/2024 9:00:07 AM PDT by Chode
#Egypt signed a deal with the #UAE to construct a new city on the Mediterranean coast. Critics, however, say that Egypt will trade over part of its #sovereignty.
Its a smart development strategy: create a free-market, rule-of-law, Hong Kong or Singapore-style city - outside of the bloat, dysfunctional politics, and corruption of Egyptian government and society. Attract investment, attract technology, set better commercial and living standards for one’s nation.
its exactly what Deng Xiao Ping did in China when he set up China’s first “free trade zones.”
We could actually use such a concept in the USA also - for example, in health-care.
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it would be a big tourist city for european and middle eastern tourists. uae seems to know how to do it.
another SinCity...
Given the food security issues raised in Egypt by the Ukraine war, it makes sense to get some foreign exchange so they can compete in the food buying market. Egypt is very low on foreign money. They have converted their wheat production to the more profitable citrus production. Even if they went back to producing wheat, they couldn’t begin to feed their population. It’s a good move.
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re healthcare ...here, in America, as long as there exists one ambulance chasing lawyer, one lawyer
seeking to find the the mext hidden malpractice action,
there can not be an affordable healthcare system, public or private.
For $35 billion, of course (what a silly question!).
The better question is why is UAE willing to spend $35 billion to get it. The simple answer is it's the same reason as they're investing in attracting tourists (with world-class shopping, race tracks, art museums, etc) and inserting themselves into the infrastructure of international trade.
Because they know the oil isn't going to last forever. And they're building a new economy now while the have a surplus of petro-dollars to spend on it that will allow them to survive and prosper when that day comes.
This is probably a similar scenario to what the last remnant of Christendom will be forced to do in the future thanks to the globohomo one-world scumbags that destroyed Western Civilization.
So imagine a health-care "free trade zone" - where one pays cash, no 3rd party payers, US malpractice laws don't apply, doctors don't take Fed.gov medicaid or medicare, drugs are priced on free-market. Doctors are totally free to set their own terms.
You can keep the present bloated, socialist Medicaid/Medicare system, knowing many Americans depend on it, and also because it is politically un-reformable.
Just allow another free and organic system to grow alongside it and give Americans a choice and an outlet.....
My first thought.
A Playground for the sort of afluent Middle Easterner/Euro.
Can’t afford to live the Lifestyle Of The Rich and Famous with the big boys in Dubai ? Come on down to Sin City Lite and relax !
Gambling,Drinking ,Women (wink wink nudge nudge ) 😉
The UAE still gets their money without getting crowded out back home.
outsourcing vice... 8^)
I have advocated for creating a designation of “free-marketeer”.
This would be a title/status/designation that a person could claim by applying for the necessary permits and signing the necessary paperwork.
These “free-marketeers” would be legally renouncing the socialist “protections” granted to them by the nanny state. No OSHAA, no EEOC, no minimum wage, no workers rights, no sexual harassment protections, no discrimination protections, etc...
However, they would also be free from payroll taxes, SS contributions, income tax, state tax, etc...
Business would be allowed to keep a certain percentage of their workforce as “free-marketeers”, say 10%-15%.
These would be true free associations between workers and employers without the government getting in the way.
I wonder if they will allow homeless people to take drugs in public and poop on the sidewalks?
definitely not
might work
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