Petrol Money Poison

One of the most unfortunate things that can happen to human beings is social disconnection. Depression often causes this. But in today’s article I’ll focus on wealth. A root cause of social disconnection due to wealth is when an unprepared individual attains great wealth. In this situation “unprepared” means not ready to emotionally and rationally adapt to a sudden change of situation. The moral compass of such individuals is vulnerable. In time, many of them end up behaving in ways that would seem unacceptable if they could ask their own younger selves.

Social disconnection also occurs in children born in a situation where vast wealth has already disconnected the entire immediate social group (friends & family) from the way “normal” people live. By “normal people” I mean the statistical average for the standard of living when looking at the entire planet. Children born in socially disconnected families (and this includes royalty) grow and develop using completely different life standards. They don’t even get to opt out of this until much later and sometimes never, something that will in the future probably be considered akin to abuse through deprivation of opportunity (similar to what children in poor, unstable families experience with parents that have a history of substance abuse).

In this post, I’m focusing on a certain social group: petrol-rich citizens from the Middle East. Here’s what that triggered me to write this piece, an article that tells about how Qatar’s billionaires have migrated to the richest areas of the most expensive city (property-wise) in Europe:^

And here’s another interesting article^, which covers the recent Saudi crackdown on (supposedly) corrupt princes and business-men. Of important note here is the fact that the media has focused on arrested prince Al-Waleed bin Talal’s opulent lifestyle. He owns, for example, a yacht worth about $200 million. But here’s the kicker: the prince that is supposedly “draining the swamp” owns a $500 million^ yacht. As is often the case, the rules are oh-so flexible when it comes to what is a justified expense.

The resource curse^, also known as the paradox of plenty, refers to the paradox that countries with an abundance of natural resources (like fossil fuels and certain minerals), tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources.

Have mercy upon those that have drank the petrol money poison and are wasting away caught in the worst trap of all: the ego trap.

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