We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
What is Crown Prince Mohammed bin Salman really doing to modernize Saudi Arabia? On GZERO World, Ian Bremmer asks Princeton University's Bernard Hayel.
MBS, as he's known in the West, is "basically banking on the bulk of the population that's under 30, [who think] he's a rock star because of the things he's doing."
Meanwhile, "anyone over 40 hates him because he's taking away entitlements" and changing the modus operandi of the country.
Haykel explains that the crown prince knows it's unsustainable for Saudi Arabia to continue relying exclusively on oil to grow.
They're still raking it in because prices are high, but MBS needs to get ahead of the curve by reforming subsidies and taxation.
Watch the GZERO World episode: Saudi Arabia’s repressive power politics
- Why are oil prices surging right now? - GZERO Media ›
- Crow on the menu during Biden's trip to Saudi Arabia - GZERO Media ›
- Biden's Saudi Arabia visit is more about strategic partnership than ... ›
- Can Saudi Arabia and Iran really be friends? - GZERO Media ›
- Is a more peaceful Middle East possible in 2022? - GZERO Media ›