Opinion

Opinion: The Rise Of Saudi Arabia's Crown Prince Reveals A Harsh Truth

The crown prince inherited a sclerotic state with limited administrative capacity and an economy that is largely reliant on declining oil revenues. The country is burdened by a venal elite comprised of thousands of royals and hangers-on who operate with impunity and are a huge drain on the economy. It is saddled with a bloated public sector which employs 70 percent of...