Relying on the US for protection has been a debacle, the economist has told RT India
The Gulf states have emerged much weaker than Iran from the Middle East conflict, leading US academic Jeffrey Sachs has said.
Countries in the region made a huge mistake by seeking protection from the US and Israel, Sachs told RT India in an exclusive interview on Thursday.
“This has been a disaster for them,” he said, adding that the “clever idea” of the United Arab Emirates as a financial haven and tourism hub “all… fell under bombing right now.”
“[The US] did nothing to help it. I think the Emirates made a terrible mistake in signing on with Israel and the United States saying, ‘This is our side. This is our protection,’” he said.
Sachs said he was baffled when Gulf countries pledged billions of dollars to the US when Donald Trump began his second term as president.
The US is not where the high-return investments in the world are right now, Sachs noted.
“But these countries believed that the US is their protector and that the US is their source of NVIDIA chips and data centers and cutting-edge technology. They’re not looking clearly at how the multipolar world is taking shape,” he said.
“They’ve come out way, way behind in all of this. It’s been clear that Iran can devastate them,” he added. “The desalination plants, the bombing of the oil and gas infrastructure, the vulnerability of these countries more generally. It’s been awful.”
Sachs said the Gulf countries “don’t have their own geopolitics… They have been under the US line. But basically, this is a debacle for them.” These nations need to rethink their politics, he added.
“The truth is Iran and the Gulf should be partners. They should be co-investors. They should be at peace.”
India knows from its time under British rule that divide-and-conquer is the essence of imperial strategy, Sachs said.
“The US has loved to pit Iran against the Gulf, and the Gulf fell for it. Big mistake that needs to be reconsidered,” he said.
