Bye Bye Dubai

The bigger, brasher and taller they build, the harder they will fall. The lesson from the Towel of Babel has not been learnt yet, and will never be learnt it seems.

"In Dubai last month, a fireworks display was so enormous it could only truly be appreciated from the heavens (literally—it was visible from space). The occasion was the opening of the $1.5 billion Atlantis resort complex on an enormous artificial archipelago shaped like a palm tree. The point of the party, its promoters explained, was to show the world that Dubai is a land of fantasies come true, an over-the-top destination for good times. But among many of the guests, the mood was funereal. As the fireworks exploded, the global economy was imploding. "

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