Islamic State Leads Mideast Into Warlord Era as Nations Dissolve

Bloomberg - Oct 2, 2014

Saudi Arabia, which pumps almost $1 billion-worth of crude every day, has expanded spending on jobs and welfare. Elsewhere, where governments are less flush with cash, efforts to rein in the militias and extremist groups will be difficult as long as there are few economic opportunities for Arab youths, said Eckart Woertz, a Persian Gulf specialist at the Barcelona Centre for International Affairs (CIDOB).

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