Greta75
Posts: 9968
Joined: 2/6/2011 Status: offline
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quote:
ORIGINAL: MariaB Greta, in your other post you suggested that Saudi keeps its citizens under a protective financial umbrella. You forgot to mention that over 9 million people (which is a very big percentage of the SA population) are not citizens and therefore, get little to nothing. Exactly Saudi works on a system where they hire foreigners to work for them and support their wages on oil money, and have the Saudis in charge or paid by foreign companies to do absolutely nothing, but just to meet quota to employ Saudis. quote:
Didn't you say, "Once it's no long sustainable, and their subsidies for whatever welfare scheme start decreasing, their local people spoilt with being fed with free shit constantly starts being discontent."? Absolutely no longer sustainable for saudi people when oil runs dry. And I'm not talking about their foreigners, foreigners pack up, leave and work elsewhere, they are not in the equation. Currently, anybody who has work in Saudi would tell you, Saudi people are just paid because government protects them and make sure company are forced to employ them and are not allowed to fire them. So basically, they just get paid to do nothing. When oil runs out, they will die, as they never worked a day in their life or experience what it means to be financially independent from the government help. And when there is no more wealth, there is no more wealth. Companies will leave. Their unemployment will go to hell, since there is no more wealth to tap on for companies to want to set up there. Saudi spending power would reduce so bad. And petrol prices will skyrocket for them, I don't even think they got public transport, they are pretty screwed when it happens. They don't even open up their tourism to support their economy, guess they have no need to for now. You can't be in Saudi, unless for work. They got nothing going on for them.
< Message edited by Greta75 -- 1/5/2016 5:17:54 PM >
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