You are hereArchive - Nov 28, 2009
Archive - Nov 28, 2009
Dubai's 59-billion debt from artificial modernity, free-spending & consuming while depleting what nature provides

(quote)
"This came as a big shock" – that Dubai is in debt by 59 billion and might not be able to pay its bills sent a wave of uncertainty rippling through markets just as investors thought the worst of the global financial instability was over. Once, Dubai was "like the new beacon for all the world's money" [HOME, the 2009 documentary]... "Dubai has endless sun, but no solar panels. It is the totem of total modernity that never fails to amaze the world. Nothing seems further removed from nature than Dubai, although nothing depends on nature more than Dubai. Dubai is a sort of culmination of the western model - we haven't understood that we're depleting what nature provides."












