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It can still benefit private companies (local ones, in particular), so state vontrol of mineral deposits is not anti capitalist.
by sgt 5y ago
It can still benefit private companies (local ones, in particular), so state vontrol of mineral deposits is not anti capitalist.
- marcusverus 5y agoFrom the article: > Since taking power in 2018, López Obrador has fought to reverse resource reforms under previous governments which opened up the oil and electricity sectors to private investment. He has pushed a model of development that gives primacy to resource exploitation by state-controlled companies. This would appear to be anti-capitalist by definition.
- dimensionc132 5y agoPrivate investment by national companies is very different to private investment by foreign hostile companies. A Chinese company (and by default, Chinese gov) controlling the majority of Mexico's Lithium deposits is insane, no matter how people try to spin that, as populist or anti-capitalist. A country has the right to control the resources in its territories.