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Journal Journal: Dubai Economy Crash on the Horizon?

Could it be that my predictions of a depression in Dubai's economy may finally be coming to pass? The government has been spending way too much and the growth has gone unchecked. The infrastructure is unable to cope and massive projects to improve it have only added more government expenditure to the equation. Basic macroeconomics teaches us that increasing government expenditure or lowering interest rates are direct ways to boost an economy. Dubai has both and is showing no signs of stopping

Comment Re:::sigh:: (Score 0) 1038

No. Conservation will never work; our power needs will continue to increase, and I have no problem with that. I don't want to live back in the dark ages again, sorry.

He's just another anti-science nut.


theres a big difference between anti-science and pro-environment. now first, what evidence do you have that conservation will 'never work'? now lets imagine for a minute that around the worldfor 1 year industries, lets take the computer industry for example, stopped focusing on innovating in the speed/power area and instead spent all their resources working on energy conservation and efficency. could you imagine the kinds of technological breakthroughs they could make? now before people start replying on how that could never happen, i know, it was just an anecdote on why you should be careful saying never.

i suppose my point is that you should stop being defensive because he said something that doesnt fit into your world-view. saying that he was just another anti-science nut is wrong, as im sure you could realise if you looked into it, and i feel the only reason you said it was to make it easier to reinforce your position in your head and write off what he said, feel free to prove me wrong.

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