[Tolerance Sucks Rocks]

Too bad Saudi Arabia doesn't just go full enterpreneurial capitalism and free markets. However, that would require doing such things as getting rid of the Sharia prohibition on loan interest, as well as stopping the support of things like jihad, terror and hijrah in other countries so that their economies can grow and trade with the Saudis.

[Tolerance Sucks Rocks]

PING!

[Travis McGee]

This is Saudi Arabia.

[headstamp 2]

“By 2020, we’ll be able to live without oil,” the prince told Saudi news channel Al-Arabiya in an interview aired on Monday.”

Doubtful.

[odds]

“Prince Mohammed also indicated the kingdom’s desire to move beyond its ultraconservative image, saying that Saudi Arabia would “open its doors to tourism of all nationalities in line with its tradition and values.””

haha

[butlerweave]

Saudi Arabia Approves Economic Reform Program = import thousands of foreigners to do all the work in slave labor conditions while the Moron Saudis get all the top jobs and brag how smart they are

[johniegrad]

Too bad Saudi Arabia doesn't just go full enterpreneurial capitalism and free markets.

You have to have something that other people want. They have only oil. Game over.

[11th Commandment]

(too your point) This article is not about economic reform, it is about budget reform. Saudi is not at all moving to liberalize (in a classical sense) its economy. Its USD reserves have decline from a high of $280B to $220B. Unless it liberalizes its economy and attract investment things will not get better. I have news for these oil based economies, the prices with stay low for the next 13 to 18 years..

[Vigilanteman]

I always felt they could do a big business by offering to settle the endless stream of refugees from Muslim countries in return for cash payments for the West.

Yet, they are smart enough not to do so because they know exactly what they would be getting.