image credit: Niki Atashfaraz
An excellent article about Dubai’s past, present, and future:
On the rim of the war zone, a new Mecca of conspicuous consumption and economic crime, under the iron rule of Sheikh al-Maktoum. Skyscrapers half a mile high, artificial archipelagoes, fantasy theme parks—and the indentured Asian labour force that sustains them.
image credit: Ryan Lackey
Thanks to his boundless enthusiasm for concrete and steel, the coastal desert has become a huge circuit board upon which the elite of transnational engineering firms and retail developers are invited to plug in high-tech clusters, entertainment zones, artificial islands, glass-domed ‘snow mountains’, Truman Show suburbs, cities within cities—whatever is big enough to be seen from space and bursting with architectural steroids. The result is not a hybrid but an eerie chimera: a promiscuous coupling of all the cyclopean fantasies of Barnum, Eiffel, Disney, Spielberg, Jon Jerde, Steve Wynn and Skidmore, Owings & Merrill. Although compared variously to Las Vegas, Manhattan, Orlando, Monaco and Singapore, the sheikhdom is more like their collective summation and mythologization: a hallucinatory pastiche of the big, the bad and the ugly.
image credit: Hisham Binsuwaif
The lodestone of Dubai, of course, is ‘peak oil’ and each time you spend $50 to fill your tank, you are helping to irrigate al-Maktoum’s oasis. Fuel prices are currently inflated by industrial China’s soaring demand as well as growing fears of war and terrorism in the global oil patch. According to the Wall Street Journal, ‘consumers will [have paid] $1.2 trillion more in 2004 and 2005 together for oil products than they did in 2003’. As in the 1970s, a huge and disruptive transfer of wealth is taking place between oil-consuming and oil-producing nations. Already visible on the horizon, moreover, is Hubbert’s Peak, the tipping point when new petroleum reserves will no longer offset global demand, and thereafter oil prices will become truly stratospheric. In some utopian economic model, perhaps, this windfall would become an investment fund for shifting the global economy to renewable energy while reducing greenhouse gas output and raising the environmental efficiency of urban systems. In the real world of capitalism, however, it has become a subsidy for the apocalyptic luxuries that Dubai is coming to epitomize.
ARTICLE [“Fear and Money in Dubai”] (via Future Feeder)