Why is Dubai in so much trouble?

Great rant from blogger David Galbraith via Boing Boing:
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea and there isn’t even any oil. Imagine proposing to build Vegas in a
place where sex and drugs and rock and roll are an anathema. This is
effectively the proposition that created [...]

Read the rest »