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71 sats \ 2 replies \ @Undisciplined 13h \ on: Saudi Crown Prince MBS’s gigaproject Neom now faces an $8 billion write-off econ
Fighting against comparative advantage is a losing battle.
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42 sats \ 1 reply \ @spiderman OP 12h
You mean what ksa was trying was fighting against competitive advantage? Curious why you say so?
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0 sats \ 0 replies \ @Undisciplined 12h
The article talks about trying to diversify the economy away from oil production.
While that's certainly fine when it's driven by entrepreneurs hunting profit, it's a loser for central planners.
Comparative advantage is just a description of your greatest profit potential and that seems to be oil and gas for the Saudi economy.
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