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0 sats \ 0 replies \ @Undisciplined 12h \ parent \ on: Saudi Crown Prince MBS’s gigaproject Neom now faces an $8 billion write-off econ
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.