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Politics : Foreign Affairs Discussion Group
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To: paul_philp who wrote (32242)6/13/2002 9:49:32 AM
From: JohnM  Read Replies (1) of 281500
 
I think a meaningful (no IMF) economic reform process for Saudi Arabia could get much accomplished. It could stabalize the support for the House of Saud. It could lay the groundwork for a real economy. It could have a real middle class emerge.

While I think few would quarrel with this, Paul, the problem seems to me to be just how to get from here to there. I gather from some of the qualifiers in your sentences that you mean an economy not so reliant on oil and one with a better distribution of rewards--growing middle class, economic gains less concentrated among the elite. Not an easy task. Particularly when the US is going in the opposite direction, that is more wealth concentrated at the top.
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