Saudi Arabia: A Retrograde Rentier Dictatorship and Global Terrorism
Saudi Arabia has all the vices and none of the virtues of an oil rich state like Venezuela. The country is governed by a family dictatorship which tolerates no opposition and severely punishes human rights advocates and political dissidents. Hundreds of billions in oil revenues are controlled by the royal despotism and fuel speculative investments the world over. The ruling elite relies on the purchase of Western arms and US military bases for protection. The wealth of productive nations is syphoned to enrich the conspicuous consumption of the Saudi ruling family.