Easy Meal Ticket my a$$! This is not charity. People work and get paid for their work. Period!
Most banks here are nationalized. They gave credit, they invested in the credit boom, they invested in the real estate boom, and then things went sour. I understand interest rates were low because of the dollar peg, but bank lending policies were their own, right?
I do agree disrespect of tradition and culture if present is wrong. And yes the lifestyle here is quite fabulous. But Dubai is what it is because of it's spectacular diversity.That's why the government continues to invite investors and educated capable expats to help build the economy. Dubai's social structure and framework is also evolving, things are not gonna be this way forever.
PS If you still think Dubai is an Easy Meal Ticket, plz direct me to this place π