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by parito 3144 days ago
It's interesting to note that just recently we had an article about taking money from the countries with abysmal human rights record, especially when you don't really need that money to survive.

Softbank is 50 % saudi arabia public funds money.

1 comments

In this case, it probably doesn't matter.

Saudi Arabia is trying to buy all these assets to secure their future. Returns will likely be reinvested or stashed abroad!

However with the dismal future of oil based economies and the unstable situation in Middle East - only scenario their would be able to retain these assets would be if they are somehow able to transition into a functioning (hopefully democratic), educated and productive society - which would be awesome! It's better for them and the world. I would love it if they are able to use this money to achieve that!

If not they would descend into chaos and all assets would likely be seized by whichever country hosts them. E.g. Gaddafi!

[1] https://www.theguardian.com/world/2011/feb/28/us-treasury-bl...

[2] https://www.theguardian.com/world/2012/mar/28/gaddafi-assets...

[3] https://www.theguardian.com/world/2011/feb/27/gaddafi-family...