Skip to main content

Posts

Showing posts with the label "saudi aramco"

Saudi Aramco

Saudi Aramco made almost $47bn profit in the first half of 2019 . We know where most of that profit goes. A genuine revolution means overthrowing a family-regime that has been squandering a huge wealth at home, including purchasing of weapons, and capital flight to the Western banks and using that wealth instead in real development across the Arab region, doing away with nation states. That would incorporate the Saudi women and other men and women in the Arab countries in the labour market where unemployment in some countries is high and one of the causes of the uprisings and migration.
Many of those condemning the regime today include a cross-section of US government, think tank, and media personalities that are themselves guilty at best of ignoring, and at worse covering up, the authoritarian nature of the Saudi regime and the various forms of systematic violence it deploys (let alone the US role in propping up the regime, providing the means of that violence, and many times participating in the actual acts of violence).  Kashoggi himself was for a long time part of the Saudi regime of power, and only recently fell out with its current top echelons (i.e., Mohammed bin Salman) and thus defected. Saudi Arabia's Long History of Dictatorship and Opposition
After decades of robbery, plunder and selling of Arab oil on the cheap to the West, another big sell-off is coming. Heads must roll if the Arabs want to control their wealth. Saudi Arabia's big privatization plan to go head