THREAD:

1/ Why UBI is #Kuwait’s best hope to survive the next 20 years.

2/ Kuwait's economy is dominated by the state which in turn generates almost all its revenues from oil. Furthermore, private sector activity today is in effect completely dependent the public sector.

3/ I posit that excessive public sector employment is the root cause of many, if not the majority of Kuwait's problems that, left unchecked, will ensure standards of living only decline from here on.

4/ The obstacle to change is Kuwait's 1961 constitution obliging the state to provide every citizen with employment. Kuwait’s high population growth has brought it to a tipping point where:

5/

— Public payroll increasingly crowds-out all other types of state spending, meaning state dominated/controlled sectors are starved of capital and the private sector isn't allowed to fill the gap.