MEGATRENDS: Dubai Is Dying    
 Dubai Is Dying13 comments

Dubai's glittering half empty towers enveloped by the fog of blowing sand and world-wide recession / Photo Jamie Stewart

Debt strapped Dubai World who can't pay its bills ( 60 billion dollar debt ) is a dying monument to world wide greed and excess and its obvious consequences ~ for in attempting to create an artificial economy from reclaimed land and borrowed capital, it has become a crumbling sub-prime in the desert: Allen L Roland
What was obvious to a few six months ago is now becoming apparent to the world ~ as the tasteless and gaudy monument to western capitalism and greed, Dubai, begins not only to lose its luster but its ability to pay its debts while the world financial markets stagger nervously. And that would include Wall Street investors such as Goldman Sachs.

Propertry prices in Dubai have plunged by 50% since 2008, large projects have been cancelled while severely underpaid expatriate workers have left in droves. Today, scores of buildings sit unfinished while luxury houses and apartments are unsold or empty. Dubai's overall debt load is actually 80 billion dollars which underscores the gravity of the present crisis.

As the Associated Press reported on November 26th ~ " After months of denial that the economic downturn even touched it, the Dubai government earlier this year showed signs of trying to deal with the financial fallout that has halted dozens of projects and prompted an exodus of expatriate workers. Last week, Sheik Mohammed demoted several prominent members of Dubai's corporate elite and replaced them with members of the ruling family, including his two sons, one of whom is his designated heir." [link]

In other words, Sheik Mohammed has gone into denial about the possible financial collapse of his fake paradise in the desert and surrounded himself with members of his ruling family to ensure the world does not learn the truth about the dark side of Dubai. As Such, Dubai's debt debacle is rightfully stoking new fears for investors across the globe ~ the potential of government default by heavily indebted nations.

On Friday, the award winning Independent writer, Johann Hari, who has been on top of this story for months, spelled out the truth ~ Dubai is a morally bankrupt dictatorship built by slave labour ~ " Dubai is finally financially bankrupt ~ but it has been morally bankrupt all along. The idea that Dubai is an oasis of freedom on the Arabian peninsular is one of the great lies of our time...Yes, it has Starbucks and Dunkin' Donuts and the Gucci styles, but beneath these accoutrements, there is a dictatorship built by slaves."

Hari has been there and fully experienced this dying monument to greed and excess ~ " The people who really built the city can be seen in long chain-gangs by the side of the road, or toiling all day at the top of the tallest buildings in the world, in heat that Westerners are told not to stay in for more than 10 minutes. They were conned into coming, and trapped into staying ... Human Rights Watch calls this system "slavery." Yet the Westerners who have flocked to Dubai brag that they "love" the city, because they don't have to pay any taxes, and they have domestic slaves to do all the hard work. They train themselves not to see the pain.... But Dubai's bankruptcy does not end there: it is ecologically bust. This is a city built in the burning desert, where everything shrivels up and blows away if it is not kept artificially cold all the time. That's why it has the highest per capita carbon emissions on earth ~ some 250 percent higher even than America's. The city has to ship in desalinated water ~ which is more costly than oil. When it runs out of cash, it will run out of water... Today Dubai will be bailed out by the United Arab Emirates, the oil-rich country of which it is only one state. But the oil will not last forever. More importantly, there is no Bank of Morality that could provide a bailout for this sinister mirage in the desert." [link]

But to really understand the underpinnings of this crumbling fake paradise ~ you must read Johann Hari's THE DARK SIDE OF DUBAI written in April of 2009 ~ when Hari rightfully predicted " Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history. "


Johann Hari / The Independent Tuesday, April 7, 2009 [link]

Excerpts: " But something has flickered in Sheikh Mohammed's smile. The ubiquitous cranes have paused on the skyline, as if stuck in time. There are countless buildings half-finished, seemingly abandoned. In the swankiest new constructions ~ like the vast Atlantis hotel, a giant pink castle built in 1,000 days for $1.5bn on its own artificial island ~ where rainwater is leaking from the ceilings and the tiles are falling off the roof. This Neverland was built on the Never-Never ~ and now the cracks are beginning to show. Suddenly it looks less like Manhattan in the sun than Iceland in the desert..... Dubai is not just a city living beyond its financial means; it is living beyond its ecological means. You stand on a manicured Dubai lawn and watch the sprinklers spray water all around you. You see tourists flocking to swim with dolphins. You wander into a mountain-sized freezer where they have built a ski slope with real snow. And a voice at the back of your head squeaks: this is the desert. This is the most water-stressed place on the planet. How can this be happening? How is it possible? The very earth is trying to repel Dubai, to dry it up and blow it away. The new Tiger Woods Gold Course needs four million gallons of water to be pumped on to its grounds every day, or it would simply shrivel and disappear on the winds. The city is regularly washed over with dust-storms that fog up the skies and turn the skyline into a blur. When the dust parts, heat burns through. It cooks anything that is not kept constantly, artificially wet... Dr Mohammed Raouf, the environmental director of the Gulf Research Centre, sounds sombre as he sits in his Dubai office and warns: "This is a desert area, and we are trying to defy its environment. It is very unwise. If you take on the desert, you will lose."

And therein lies my point ~ Dubai is a dying monument to greed and excess, a crumbling sub-prime in the desert, and eventually the desert winds will reclaim it ~ for nature always outlives man's hubris and folly.

Allen L Roland [link]

Freelance Online columnist Allen L Roland is available for comments, interviews and speaking engagements ( )

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog [link] and website [link] He also guest hosts a monthly national radio show TRUTHTALK on [link]


The games that scam the most, win.

There can be only one reason Facebook and MySpace turn a blind eye to user protection; they're getting such a huge cut of revenue back from these developers in advertising. If they turn off the spigot, they hurt themselves.

Scamville: The Social Gaming Ecosystem Of Hell
Michael Arrington
Saturday, October 31, 2009 8:10 PM

Last weekend I wrote about how the big social gaming companies are making hundreds of millions of dollars in revenue on Facebook and MySpace through games like Farmville and Mobsters. Major media can't stop applauding the companies long enough to understand what's really going on with these games. The real story isn't the business success of these startups. It's the completely unethical way that they are going about achieving that success.




30 Nov 2009 @ 06:29 by vaxen : Hari's...
article on Dubai really is good and you should read it. The insanity of Dubai and it's Arab Capitalist idiots should have been obvious to anyone with half a brain and a tiny bit of consciousness and humanity but ... it wasn't for a lot of folk. Now, like big governments everywhere whose so called 'economies (A mis-nomer)' are based on debt Dubai is crashing. No more slavery and that's a good thing! Please read the article and use it as a guage for neo-liberal capitalism everywhere ... doesn't matter whether it be East or West, North or South, it's all a huge fraud and scam. Ergo Cogito Sum? Buyer beware...

Fan Li achieved his greatness
by turning away from the world
while Wu Xu had to die
in order to wear down the government.  

30 Nov 2009 @ 09:15 by vaxen : Screw you Katz!
RT: : 25% of young men don't serve in IDF; Likud minister Katz: Those who don't serve shouldn't drive

Reply from "Screw you Katz! Go back to being the Katzenjammer that you are for real!

Tee Hee! Just thought I'd bridge the gap a bit... IDF indeed! Bombing Gaza again! Fascists all, not Jews!  

1 Dec 2009 @ 18:56 by a-d : Indeed....
Dubai never was an ALIVE /living Community born from Grassroot-Human communities, growing in harmony with its Population!..It was ordered by someone and "created on /with the blood sweat & tears of Grassroot-people deceveid to come and build it! ... So in my book it was STILLBORN/PHONY from "scratch"! ( posted an article about this phony place quite some time ago)  

2 Dec 2009 @ 00:52 by istvan : Your link
Your link indicates that about 5% of Israelite-s are insane (claimed or not).
This could be an underestimation [ ]
[ ]  

3 Dec 2009 @ 15:54 by vaxen : Heh!
Istvan! Hello, bro. Long time no see. Hope all is well with you.

You're right. The number of totally Meshugenah Israeli's is far higher than 5%. Just go there ... it'll be very obvious. ;)

Thanks for the links...  

4 Dec 2009 @ 03:26 by istvan : Thanks for the suggestion...
but I am too old to go anywhere. Even from here or anywhere, the above 5% is all too obvious.
What do you surmise about professor Sand, and which mental functioning he might belong?
[ ]
[ ]  

23 Nov 2011 @ 23:51 by Muhammad Asif Noorzai @ : lies
A very strong words and i must say a great english, but totally lies!!!!!!! Tell me what do u do if u were the sheikh Muhammad, i think u would do every that thing through which Dubai look good and so does the sheikh Muhammad did, and it is not totally his mistake, because the global financial crisis came from U.S.  

17 Feb 2015 @ 06:42 by @ : This is a smart blog. I mean it. You hav
This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion   

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18 Jul 2016 @ 10:53 by fred nilves @ : must read Johann Hari's THE DARK SIDE OF
But to really understand the underpinnings of this crumbling fake paradise ~ you must read Johann Hari's THE DARK SIDE OF DUBAI written in April of 2009 ~ when Hari rightfully predicted " Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history. "  

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