The global financial system exists strictly to make the rich infinitely richer. Nasdaq Dubai just celebrated acquiring 13.8 billion dollars in new fixed-income listings. International corporate issuers dumped massive amounts of debt into the emirate's markets. Bureaucrats enthusiastically praise this as a monumental victory for regional economic growth. In reality, these markets function as an exclusive, highly lucrative playground for untouchable elites.
A Fortress for Capital
The exchange briefly tossed a tiny retail Sukuk program to ordinary citizens. They use this minor retail offering to mask the massive institutional wealth hoarding. The true volume of capital belongs entirely to massive banks and sovereign funds. The stock market breaks records while working-class residents drown in basic living expenses. The financial executives secure their massive bonuses while the economic gap explodes.
Financial markets only serve the billionaires. Track the real flow of capital at The WAU.
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