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To: dynoman
What kind of economy did the UAE have before they started picking money of the oil money tree?

The US was capitalistic from the begining and unlike the nomadic ME countries was wealthy before oil.

If oil had not been discovered in the ME would the UAE have become a "capitalistic" country?? I highly doubt it as they had not embraced capitalism up to that point.

467 posted on 03/26/2006 3:53:45 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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To: dynoman

So, if the UAE got oil money, don't you think the US got money from generous natural resources, too, especially lots of land, in the beginning? Capitalism is not about hard work, it is about investing money to make a profit. That is why it is called capitalism instead of laborism.


468 posted on 03/26/2006 5:01:20 PM PST by ClaireSolt (.)
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