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Thread: Chile miners rescue: President's popularity soars

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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by Grant View Post
    Capitalism put them in jeopardy, it's only fair that it helped in their rescue.
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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by Manc Skipper View Post
    Capitalism put them in jeopardy, it's only fair that it helped in their rescue.
    Really??

    And how did Capitalism put them in jeopardy? Do you think the people's mines are safer and better run?

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    Re: Chile miners rescue: President's popularity soars

    it was truly wonderful, you had to cry for joy

    where do americans go to share and celebrate good feelings?

    Fox News Hits Ratings High With Conclusion Of The Chilean Miners’ Rescue Coverage – Deadline.com

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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by Grant View Post
    Really??

    And how did Capitalism put them in jeopardy? Do you think the people's mines are safer and better run?
    Yes, the state owned mines in Chile have a near impeccable safety record when compared to the private run mines.
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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by spud_meister View Post
    Yes, the state owned mines in Chile have a near impeccable safety record when compared to the private run mines.
    So why is Chile bankrupt?

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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by Erod View Post
    So why is Chile bankrupt?
    It's not. It actually has one of Latin America's strongest economies.

    BBC News - Chile country profile

    The country had Latin America's fastest-growing economy in the 1990s and has weathered recent regional economic instability. But it faces the challenges of having to diversify its copper-dependent economy - it is the largest world producer - and of addressing uneven wealth distribution.

    Chile's unusual, ribbon-like shape - 4,300 km long and on average 175 km wide - has given it a hugely varied climate.
    Chile Economy, Chilean Economic Profile | Economy Watch

    Chile has a strong economy, characterized by high volumes of foreign trade and a sound economic policy. Chile’s exports account for 40% of its GDP and have experienced growth of 4% since 1999. Chile has a free trade agreement with the US to liberalize its trade policies. Chile enjoys free trade
    agreements with the European Union, Mercosur, China, India, Mexico and South Korea. From 2003 to 2008, FDIs in Chile were worth $17 billion, which dropped to about $7 billion in 2009 due to the global economic crisis. The Chilean government had injected a $4 billion stimulus to counter the recession in 2009, the result of which was felt in Q4 2009, when the economy showed signs of a recovery.
    Strong showing of Chilean economy anticipates 5.5% GDP expansion in 2010 — MercoPress

    The sharp increase of 7.1% increase caught many analysts by surprise. “The market expected an Imacec of around 6.5%, but personally, I expected 7% due to the low base comparison with respect to last year (-2.7%)” said Universidad Andrés Bello economist Sebastian Mathews.

    Finance Minister Felipe Larraín is confident that Chile will meet its growth objective of 5% year-end economic growth, and that it is possible to exceed it. Most analysts now agree that the Central Bank should raise the yearly growth projection to be somewhere between 5.0 and 5.5%.
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    Re: Chile miners rescue: President's popularity soars

    I bet that dood with the mistress who's wife found out was like "no thanks, just send down some nicotene patches and put the futbol game back on, I think I'm safer down here.... Gracias!"
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    Re: Chile miners rescue: President's popularity soars

    The shift supervisor deserves a medal from the President of Chile.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Chile miners rescue: President's popularity soars

    Quote Originally Posted by spud_meister View Post
    Yes, the state owned mines in Chile have a near impeccable safety record when compared to the private run mines.
    Really? Do you have more information on this?

    But the original point was that free enterprise freed the miners, not the government.

    And it is the responsibility of the government to ensure safety standards and if these were known beforehand, and ignored, then the government is as responsible as those who ignored the warnings.

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    Re: Chile miners rescue: President's popularity soars

    The miners were saved by an international collaberation of scientists, engineers and mine workers who did this out of a sense of wanting to help fellow human beings. They did not do this for profit, unlike the mine owners and president of Chile who through negligence and an overriding need for profit, deliberately put these miners lives at risk.

    While these 33 miners have been saved, another 33 have died so far this year in Chile. This country is the 19th most unequal state in the world. The richest 10% receive 40% of Chile's income and expenditures while the poorest account for only 1.6%. This inequality is the product of 2 decades of brutal dictatorship under General Pinochet who savagely repressed the working class and imposed free market policies devised by Milton Freedman. These economic policies have been continued under Pinochet's civilian successors, conservative, liberal and social democratic and are a major element of scrapping industrial safety regulations which lead to the trapping of the 33 miners. As a result, there are only 16 safety inspectors for the entire mining industry which just happens to be Chile's largest single export earner. In the Atacama region, where the San Jose mine is located, there are only three inspectors responsible for 884 medium and small mines.

    Not only that but President Sebastian Pinera is a billionaire businessman with direct links to the former Pinochet regime. His brother was Pinochet's minister of mining and labor and pushed through a Constitutional Law in 1981. The law cleared the way for privatizing most of the Chiliean mining industry and thereby creating the conditions for the sharp deterioration in safety conditions.
    Last edited by Jarmax; 10-15-10 at 06:18 PM.

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