Comments: The Saudi Monarchy as a Family Firm
Biggest mistake the developed world ever made was giving those countries ownership of that oil technology, or honoring their "nationalization" of it. We all could have kept ownership if we had played our cards right and given them a small piece of the action. I think that was the first liberal "triumph"; can't think of an earlier one.
Posted by BillH at January 30, 2015 2:40 PM