Several years ago, there was a crowd of bombastic “citizen of the world” types on FR, known pejoratively as the FROBL (Free Republic Open Borders Lobby), who loved to mock American workers as lazy and overpaid, and that they deserved to lose their jobs. That illegal immigrants saved them money, and meant more $$$PROFIT$$$, so it was a good thing, no matter what. China? No threat, just lazy Americans complaining.
They all loved Dubai. What was not to love for such people? Virtual slave class to do all the dirty work, minimal taxation on the special, protected class of expats, decadent adult entertainment galore, so long as you stayed within districts created for that.
I assume their formerly expensive, but now cheap condos are sinking into the gulf along with all the other ridiculous manmade islands shaped like palm trees and such, in that ill-conceived, beyond-the-reach-of-most-financial-regulation Disney World for hot, dirty money and the people who covet it.
Good riddance. If and when it all goes down, short of having some off-grid hidey hole way back up in the Andes or something, it’s not going to be any better elsewhere, and will quite possibly be much worse.
/rant off
Right on brother/sister
You know, I hate to bring up movies as a ‘source’ but a few years ago, the movie ‘Blow’ came out starring Johnny Depp and he had hidden all of his ‘dirty’ drug money in a central (south?) American Bank and when he finally decided to ‘get out’ of the drug trade and go clean, he went after his ‘fortune’ only to find that ‘Senor’ I am sorry, but all the banks have been nationalized and all funds allocated by the government”. I suspect we will witness (hope?) the same for these louses. I can survive in a little shack hidey hole just fine. Never made a million but have thanked God each and every day for allowing me to live in a nation where the possibility exist(ed). Without Liberty.....everything dies.