IMO more and more things are ponzies. Look at Dubai for example, only about 15% of their income is from oil. The rest is basically tourism. Yet they expand at a rapid rate, but only until tourists stop coming (which gets obvious when you followed their recent push to import influencers with an visa that forbids to talk bad about Dubai)
It's not exactly Ponzi. But whatever one says it's very ponzi-ish
With how expensive and overbooked everything is this summer, bet on continuous tourism may prove right and Dubai will continue to expand. Demand for year round beach destination is higher than supply.
It's not exactly Ponzi. But whatever one says it's very ponzi-ish