I must admit, it’s been a while since I’ve watched an entire video that has been posted on the Coli, but I saw this entire one.
Here are my thoughts….
The saudis are different than the Congolese. Rather than seeking industrialization, I think they’ve chosen a strategy similar to Liechtenstein, or Switzerland, where they’re being financiers of other people’s industry, as opposed to running their own factories. Forexample, the Saudi‘s are one of the bigger backers of the Swiss banks to the extent that when credit suisse was failing in the past few weeks, it’s the Saudis they asked for more financing ; notice the swiss didn’t come to America to ask for that.
Similarly, the Saudis use the wealth that they currently do have to invest huge amounts into US companies. It does not escape me that the Saudi‘s were one of the biggest investors in Uber a while back, and hefty investors in US banks as well. They are also controlling assets in Asia such as the japanese giant SoftBank. Through softbank, the saudi(s) breifly controlled one of the big 4 carriers, Sprint. Thus The ancient Congo empire was not like this. it would be the equivalent of the king of the Congo investing in the east India company, or the Dutch East India Company.
To put this in the context of normal people, it would be like a person who doesn’t feel like doing the hard work of rehabbing a house, instead choosing to purchase a REIT investment vehicle composed of houses; which that person does not need to manage but still gets profits/divdends from it.
So because of this financial side of things, I don’t think Saudi Arabia is in any danger. They are operating under the same social contract that China has with its Chinese citizens, where, as long as the nation is wealthy, the individuals living within the nation could not be bothered with politics because their lives are good. due to these financial investments, saudi arabia will not fracture, its future is good