Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label economic reforms. Show all posts
Showing posts with label economic reforms. Show all posts
July 15, 2017
'The Game Is Rigged': Richard Wolff (2015)
January 30, 2012
Labels:
Cuba,
economic reforms
February 27, 2011
THE GUARDIAN: King Abdullah's offer of bribes to his country's alienated youth is no substitute for genuine reformNo kingdom is an island, particularly when it sits in a sea of revolution. King Abdullah of Saudi Arabia, watching the assault on Libya's strong man Muammar Gaddafi with his monarchy's usual complacency, thinks he can buy off protests with the promise of gifts.
Of course, the scale of the bribes the king offered last week to his country's alienated young generation – £22bn – is something only an oil-rich monarch could deliver. The Saudi king speaks as a father to the youthful population – after all, this is the only royal family to give its name to its people – and he expects them to obey the name al-Saud as they would their own father.
But the king has compromised his authority by combining it with the role of "sugar daddy". Nowhere else are subjects promised such largesse to not rock the boat.
Throughout the Arab awakening that began in Tunisia, the 86-year-old monarch and several of his elderly royal brothers have watched the turmoil across the Arab world convinced that the traditional pillars of their political control would see them through: oil revenues, US protection and custodianship of the holy places.
But Abdullah's kingdom is surrounded by waves of revolutionary rage lapping at the fortress: Yemen in the south, Bahrain in the east, Egypt, Tunisia and Libya in the west. Even the usually docile kingdom of Jordan is racked by the spectre of change. Saudi Arabia's royals have no doubt been shaken to their core by these disturbances and feel threatened by the successive, swift revolutions that have put paid to their cronies in Cairo and Tunis. How is it possible, they ask, for a few hundred shahids [martyrs], in just two to three weeks, to bring down their fellow autocrats so quickly? Continue reading and comment >>> Mai Yamani * | Sunday, February 27, 2011
* Mai Yamani is the author of Changed Identities: The Challenge of the New Generation in Saudi Arabia
Labels:
economic reforms,
Saudi Arabia
February 24, 2011
THE WALL STREET JOURNAL: RIYADH—Saudi Arabia's King Abdullah returned to the kingdom Wednesday after a three-month absence for medical treatment and introduced a number of nonpolitical reforms amid regional uprisings that have toppled regimes in Tunisia and Egypt and infected neighboring Bahrain.
The social and economic overhaul, estimated to cost around 135 billion Saudi riyals ($36 billion), include housing support, funding to offset inflation and guarantee of payment for students overseas, according to a series of royal decrees published on the official Saudi Press Agency, or SPA. They come as political upheaval continues to sweep the Arab world.
"The measures are paying particular attention to housing, unemployment, education and helping the brunt of Saudis who work for the public sector be better protected from cost of living pressures. The unemployment benefits are the first of its kind in Saudi Arabia," said John Sfakianakis, chief economist at Banque Saudi Fransi. "The message from King Abdullah is that he's aware of the challenges facing the economy and steps are taken to address immediate and more medium-term issues." >>> Summer Said | Thursday, February 24, 2011
Subscribe to:
Posts (Atom)