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Dubai warned to avoid US-style consumer society
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 31 May 2009
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Results 1 to 8 of 8
Posted on Monday, 8 June 2009
Ah, to blame the evils on another society
Posted by Sand Jockey at 14:58 UAE time
Since when did the US become the only consumer nation in the world? Or the only fat one for that matter?
Consumerism isn't a factor of a society, it is a factor of the individuals within that society. Take control of your own life and quit blaming others for your ills. If you couldn't pay for that large screen TV then you shouldn't have bought it. If you really couldn't afford that villa in AR then you shouldn't have bought it. If you didn't need those puffy lips then you shouldn't have bought them....yep, all those excesses are tied to an individuals desire to "keep up with the Jones'".
I have credit cards and try to keep them at a zero, or close to zero, balance at all times.
I have debt, but I also have savings
I have not always had everything I wanted (and still don't) but I have a very good life.
It isn't the UAE, or the US, or any other country, that makes people spend. It is the people who spend 'cause they want to.
@Simone - Word of advice. Cut up the credit card NOW. Don't wait for it to be paid off.
SJ
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Irrational exuberance
Posted by Steve at 11:13 UAE time
I got here a year ago and was amazed at the absolute matrerialistic and self absorbed live in Dubai. People where walking around like mindless zombies dispensing cash (or mostly credit) for the worst quality service on the planet.
Store owners got so caught up in this madness that they treated paying customers like a nuisance to be served as quickly and badly as possible, just to get to the next idiot. I think Dubai is now a much nicer place to live in. This crisis purged the city of most of these irrational spenders and retailers and this summer will hopefully finish the job.
Dubai will be the better for it.
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Posted on Monday, 1 June 2009
Consumers and Credit Card
Posted by Dude at 05:28 UAE time
I have submitted a comment on the credit card article that warned about people leaving the country without paying their debts and Mr. ArabianBusiness.Com censorship rejected it because it has very valuable advises from my practical and professional experience.
Today Dubai is already hold a lot of similarities to the US market because there have been lack of planning (in terms of development projects focused on retail and residential freehold) and lack of regulations to prevent banks from committing a suicide against themselves, customers, and economy through uncontrolled leveraging they have allowed for individuals and projects that have no theoretical ability to payback which they have even make difficult by compounding interest at crazy rates which outpace any return on the Dirham.
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Posted on Sunday, 31 May 2009
Is the Govt reading this??
Posted by Arsal at 22:24 UAE time
Great article and what a couch potato of a city we live in, sort of reminds me of a scene from Wall-E on consumerism and capitalism!
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take a look around
Posted by paul at 16:22 UAE time
Fat people driving big cars, getting valet parking to avoid walking 50m to the mall entrance and then riding a golf cart up and down Battuta mall because they are too unfit or lazy to actually walk around themselves.
I did not think any place could out-sloth the USA until I came here.
Removing these ills would go a long way to improving the physical health of the slobs here, as well as their mental health.
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EYE OPENER
Posted by mustafa at 13:05 UAE time
I hope that this article would act as eye opener to the developers & planners in UAE and they would take lessons from it for long term benefits instead of indulging in short term quick gains
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Bit late now...
Posted by Doug at 12:47 UAE time
Wow, good advice, 15 years too late.
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Credit cards
Posted by Simone at 12:37 UAE time
I am desperately trying to pay off my credit card. Once I have I am cutting it up into 1000 pieces. Evil, evil, shiny things.
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