The Prof G Pod with Scott Galloway No Mercy / No Malice: The Mother of All Pivots
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Apr 29, 2023 A captivating look at the Gulf states' shift from oil reliance to ambitious projects like Saudi Arabia's Neom highlights their vision for a luxurious, diverse economy. The discussion dives into the ethical dilemmas of building such a futuristic city, particularly regarding migrant workers and personal freedoms. Additionally, it explores how the UAE is emerging as a global investment hub, raising questions about wealth migration and the future of capitalism. Tune in for a thought-provoking analysis of innovation and ethics in a rapidly changing world.
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Meta's Metaverse Mishap
- Meta's stock doubled recently because the market believes Zuckerberg is abandoning the metaverse.
- Reality Labs, Meta's metaverse division, lost billions while generating minimal revenue.
The Great Gulf Pivot
- Gulf states are pivoting from oil-based economies to more sustainable models.
- This is driven by dwindling oil reserves, expected to run out within decades for some Gulf nations.
Gulf States' Megaprojects
- Saudi Arabia's Neom project, a $500 billion megacity, exemplifies the Gulf's ambitious plans.
- Qatar is also building its own futuristic city with stadiums and luxury hotels.