bloomberg | Prince Mohammed seems to be playing the equally ruthless roles of
autocrat and reformer. The millennial has been outspoken about his bold
plans to modernize Saudi society and wean the kingdom from fossil fuel.
Now, Prince Mohammed has locked up globe-trotting tycoons and other
dynastic rivals, sending shock waves across the desert and around the
world. Since Saudi Arabia’s founding in 1932 by his grandfather,
Abdulaziz Al Saud, successive kings have sought consensus among the
family’s thousands of princes, balancing religious, princely, and tribal
factions to maintain stability in the world’s largest oil supplier.
Decisions were made at a glacial pace, often capped with generous
payouts for anyone left unhappy. Prince Mohammed has smashed that
conservative status quo in an act, he no doubt believes, of creative
destruction.
This is a man of dead-certain belief in himself, who told this magazine in a long, autobiographical interview
in April 2016 that his childhood experiences among princes and
potentates were more valuable and formative than Steve Jobs’s, Mark
Zuckerberg’s, and Bill Gates’s. So, he wondered aloud, “if I work
according to their methods, what will I create?” Now we know his
disruptive potential.
The prince’s unprecedented arrest of a who’s who of Saudi society
is a first stab at fulfilling his vow to hold the corrupt accountable.
“I confirm to you, no one will survive in a corruption case—whoever he
is, even if he’s a prince or a minister,” Prince Mohammed said in a
televised interview in May. The vow has now become a Twitter sensation
among Saudis under the age of 30, who make up 70 percent of the
population, the demographic bulge the prince has made his base. They’re
still plenty skeptical of Prince Mohammed and his father the king, who
recently visited Moscow with 1,500 retainers, his own carpets, and a
golden escalator for his Boeing 747.
No
one imagined the crown prince would go so far. The takedown, set up by
his father, King Salman, through a new anticorruption commission that
Prince Mohammed chairs, rounded up his most visible potential adversary,
Prince Miteb bin Abdullah. A favored son of the late King Abdullah, who
died in 2015, Miteb, 65, commanded the Saudi National Guard, which,
until his arrest, had been the last military branch not under Prince
Mohammed’s control.
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