Posts Tagged ‘Saudi Arabia’

“Black cat, white cat, what matters is whether it catches the mouse”?

Sunday, November 23rd, 2008

Despite the Bush administration’s persistence it is still not generally recognized as a principle of international law that terrorists are hostis humani generis—enemies of humanity that do not enjoy the protection of any laws whatsoever—and this special status continues to be reserved for pirates and slavers.

So presumably Somalia’s Islamist fighters are a step up from pirates. Or perhaps the Saudi policy of making sure to have plenty of terrorists bought and paid for is returning some dividend, at least seemingly so. [CNN]

Who dick bigger?

Monday, October 13th, 2008

A Saudi Arabian prince announces plans to spend 26.7 billion dollars to build the tallest building in the world, over 1 km high. Not to be outdone, Dubai, which currently holds the record, also says they plan the same. [CNN]

Look here, this is getting a little insane. There hasn’t been some sort of a major materials engineering breakthrough. What has happened is a massive accumulation of capital in the hands of a few people that collect rent on minerals extraction.

But this is at least a whole order of magnitude smaller than the amount of capital that Americans burned on housing. Three hundred million idiots are better than one.