– Saudi Arabia’s Kingdom Tower——The Pointless Hubris Of A Decadent Tyranny (David Stockman’s Contra Corner, April 2, 2015):
I waited until April 2 because this is no joke.
Behold the proposed new Kingdom Tower for Jeddah, Saudi Arabia — at one full kilometer in height, about twice the size of New York’s new Freedom Tower. The Kingdom Tower comprises 252 floors of mixed market apartments, hotel rooms, and offices. It is an axiom that imperial societies build their greatest monuments just before they collapse, so consider this a portent for the oil empire of Saudi Arabia. There will always be an Arabia — well something will occupy that desolate region — but it may not be the private domain of the Saud clan much longer, especially as war breaks out across the Middle East and Persia. Continue reading »