No, sorry I was being facetious/sardonic against the Guardian.
When it comes to minerals mining and processing it requires significant investment from mining to refining; it requires investment in education and infrastructure and planning that requires looking at least 10-20 years into the future.
£50 million is a lot of money but it is nothing in the West because of how wasteful and inefficient any funding is used. For example, given their dogmatism with liberalism they have effectively ramped up the cost at every stage of production. It is why infrastructure projects take forever, are not completed on time, run over-budget and are all racked with quality control problems. Generally the west’s solution therefore for resource extraction is typically squeeze some country in the Global South and blame workers in the west for asking too high a wage for their rationale for this exploitation (western workers need higher wages to meet their inflated costs of living, and their quality of life is generally subsidised by the superexploitation of the Global South).
No, sorry I was being facetious/sardonic against the Guardian.
When it comes to minerals mining and processing it requires significant investment from mining to refining; it requires investment in education and infrastructure and planning that requires looking at least 10-20 years into the future.
£50 million is a lot of money but it is nothing in the West because of how wasteful and inefficient any funding is used. For example, given their dogmatism with liberalism they have effectively ramped up the cost at every stage of production. It is why infrastructure projects take forever, are not completed on time, run over-budget and are all racked with quality control problems. Generally the west’s solution therefore for resource extraction is typically squeeze some country in the Global South and blame workers in the west for asking too high a wage for their rationale for this exploitation (western workers need higher wages to meet their inflated costs of living, and their quality of life is generally subsidised by the superexploitation of the Global South).
could you maybe expand on the economic inefficiencies of liberalism part or do you maybe have further readings i could look into?
thank you for the very interesting comment id like to learn more
Thank you!
Some resources while I work out a more succinct reply later (I wrote mini-essays here and deleted them):
Liberalism, a Counter-history by Losurdo
Richard Wolff’s channel to be used as intro videos on youtube
Deeper dives: