Saudi Arabia’s Populist Temptation
In the past, political stability in Saudi Arabia rested on three separate deals: within the royal family; between the royal family and the Kingdom’s traditional elites; and between the state and the population. With the sharp fall in oil revenues, this political order has become unsustainable.
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NEW YORK – Most efforts to comprehend the dynamics of Saudi Arabia’s ongoing political earthquake have focused on the psychology of the young crown prince, Mohammed bin Salman. But there are also structural reasons for Prince Mohammed’s brand of populism. Understanding these factors is key to finding a better path forward.