Dubai was built by slave labor held at gunpoint and is going bankrupt. Maybe Bitcoin will save it from impending bankruptcy.
Where do you get your information? I lived in Dubai for two years.
A) There is not "slave labor held at gunpoint." There are some unscrupulous developers who deceived immigrant workers, or renegged on contract obligations. However, this was a minority of developers and is indeed criminal. Most developers simply imported workers from Bangladesh, India, and Pakistan... paying them perhaps $10/day. Why would anyone agree to that? Because back in their countries they made $3/day. Many workers who immigrated to Dubai endured a very difficult job, but were able to send money home to their families and support them much better than if they stayed home, unemployed.
B) Dubai is not bankrupt. The gov incurred significant debt, but it is far less on a % of GDP basis than most countries around the world. Further, the debt was in many ways a good investment, as it turned the city into a thriving metropolis. The financial situation for Dubai is far better than America or any country in Europe.
