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balajis
@balajis.eth
The UAE did a deal with Egypt to manage a piece of their land. This is another type of network state: a traditional state that expands into a global network through land management deals. In the next crisis, well-run states will have the cash to buy land. And insolvent states that need the cash will sell land.
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balajis
@balajis.eth
As the sovereign debt crisis gets underway, expect more of these deals. "A deal between Egypt and the UAE to develop the coastal city of Ras Al Hekma, under which Cairo will receive $35 billion…comes as the North African country continues to struggle with a foreign exchange crunch.” https://www.thenationalnews.com/business/economy/2024/02/27/uaes-35bn-investment-to-develop-ras-al-hikma-provides-lifeline-for-egypts-economy/
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Les Greys
@les
Manage the artery to run the body. Makes total sense.
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tani ↑
@tanishq
also a lovely example of state as a startup
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Ox.crypto 🌈
@ox-crypto
Am lil bit curious how might this trend impact the balance of power in future crises, where well-run states with cash reserves can buy land from insolvent states in need of funds? 🤔 will this be a great leap towards something good??
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Nick Naraghi 🧢 ↑
@nintynick.eth
where do we draw the line between "network state" and "capitalism-flavored imperialism?"
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David 🎩🤖
@promptrotator.eth
reminds me of venice in Civ 5
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FCP ✨🎩🎭🍖
@fuckcoolpussy.eth
140 $farther
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Stas
@stas
@balajis.eth how do we know this is not just another "politically" driven decision? Eastern Europe has been "privatizing" factories and other geo-strategical land for many years, where in fact this was all for the benefit of a few. https://www.youtube.com/watch?v=9-ThusbaRW8
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