Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

News Gold mine in Argentina

  1. Jul 20, 2005 #1
    Gold mine in Argentina

    There is a gold and silver mine in esquel (a poor town of argentina) wich must be exploited at open air. Also there is a multinational corporation from USA who is interested in exploiting it, promisin work for 300 workers.

    A group of esquel residents worried about ecology (Becouse gold has to be separated from the rock with cyanide and silver with arsenic) decided to organize themselfs to impede the instalation of the mine, with peaceful marchs and protest they achieved that the goverment run a plebiscite, yes to the mine, No to the mine. The multinational corporation started to give food, shoes, and a lot of gifts to the people of esquel in exchange to vote Yes to the mine.. When the vote has been made: a total of 75% went to vote (more than the people who voted in any election) 85% voted for NO to the mine... Now the organizators of the manifestations against the mine received death threats from armed people.

    Then the people of esquel started to ask question about what interests has they touched..
    They found that:

    1: The multinational corporations has presented a plan of work with the pretension to extract 2.500.000.000 dolars of gold in 10 years (only in gold, not silver)
    2: Also there is a law aproved by carlos menem (Us favorite argentine president, and most corrupt one) wich says that the goverment can't exploit the wealth from the soil if it is not done by private corporations, and they will be charged with 2% the value of the extracted metal .This would leave the state (so us the people) with 50.000.000 dolars in 10 years
    3: there is another national law which says that to favor the exports the state should pay 5% of the exported products to the corporations that export.

    So, the multinational corporation will export 2.500.000.000 dolars of argentininan gold and the state has to pay them 125.000.000 dolars with money from taxes that pay teaches, carpenters, minus 50.000.000 that the multinational has to pay the state...

    Yes. we have to pay a multinational corporation 75.000.000 dolars so they can take 2.500.000.000 dolars in gold, and leave our soil contamined with cyanide and arsenic.

    I love capitalism!! :yuck:
  2. jcsd
  3. Jul 20, 2005 #2
    Fantastic isn't it, isn't there any argentine corporations that can extract the gold?
  4. Jul 20, 2005 #3
    i don't think so. I never heard of any, and i can't find anything in google. All our biggest national industries and corporations gone bankrupt or where buyed by foreings in the 70' (under the military dictatorship) and in the 90' under carlos menem goverment.
  5. Jul 22, 2005 #4
    And the Argentinian example is just one of many. Here's a similar article about how 'great' capitalism is:

    I have bolded part of the last quoted sentence to point out that, contrary some people's claims on other threads that "capitalism is the only system to worries about the environment", the opposite is in fact the case: capitalism is a system that is focused on profit; the greed for profit destroys the environment.
Share this great discussion with others via Reddit, Google+, Twitter, or Facebook