This is a really good take on why it failed.
Shorter version: Democracy is not "elections" or the absence of a dictator. Democracy is civil society and an independent bureaucracy and judiciary. These things did not exist in the Arab world (outside of Tunisia) and do not exist there. They don't exist in Russia either, and China wants to make sure that they don't exist there, too.
When the Saudi regime collapses - and it will collapse someday - it will create a howling wasteland.
Good times.
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