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Growth-loving authoritarians are failing on their own terms

Growth-loving authoritarians are failing on their own terms
Published date:
Source:
BB Finews
8/15/25, 4:32 PM

{Muhammad bin Salman is one of the world’s most secure autocrats. He has no need to pay off rivals or buy elections. Yet by 2030 his government will have spent almost $3trn on Vision 2030, a plan to transform Saudi Arabia’s economy. Officials are backing man-made islands, luxury hotels and electric-vehicle factories. “They will take anything that has the smallest chance of creating economic growth, even if it is in decades,” says a megaproject executive, “even fantasies and failures.”}

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This article is an original work by BBFinews, with copyright owned by Jinse Finance. Unauthorized reproduction is prohibited. Authorized media must indicate: “Source: BBFinews” when using this content. Violators will be held legally accountable.

 

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