4 ms·

The governments of Chile and Bolivia afe now far-left. I wonder what their stance is on extractive industries?

by mark336 4y ago

eunos 4y ago
Chile govt is AOC lite
- socialismisok 4y ago
  So... Kinda center left? AOC isn't really that left. She's left compared to the Democratic party, but I don't think she's that extreme.
aeyes 4y ago
In Chile the stance hasn't changed much with the new government, some tweaks are being made to take more profits through additional taxes/royalties but for now that's about it. In the last decade several laws have passed which require mining operations to use less water and use renewable energy for their operation. Touching mining would be suicide, it's 20% of the GDP. Chile is the most advanced country in South America because of mining, just like the oil countries. We better take that money while it lasts and invest it wisely. The proposed constitution could have been a big blow to the sector, for now it didn't get approved so we will have to see what happens in the future. This uncertainty isn't good for foreign investment, we can only hope that the government gets their act together. By the way, I would argue that copper mining is far more destructive than Lithium mining.
- 29athrowaway 4y ago
  They new government is trying to reform the constitution. Everything else to them is secondary. With the new constitution they can effectively kill separation of powers, checks and balances, etc. and install a far-left dictatorship.
  - aeyes 4y ago
    We voted against the proposed new constitution in a referendum. It is unclear what will happen next, most likely a new draft will be proposed and we don't know which ideas from the old proposal will make it over. For now you can safely forget anything you heard about the new constitution, this text is no longer relevant.
    - 29athrowaway 4y ago
      Agreed, but the new government is still pushing for constitutional reform.

The governments of Chile and Bolivia afe now far-left. I wonder what their stance is on extractive industries?

eunos 4y ago

Chile govt is AOC lite

socialismisok 4y ago
So... Kinda center left? AOC isn't really that left. She's left compared to the Democratic party, but I don't think she's that extreme.

aeyes 4y ago

In Chile the stance hasn't changed much with the new government, some tweaks are being made to take more profits through additional taxes/royalties but for now that's about it. In the last decade several laws have passed which require mining operations to use less water and use renewable energy for their operation. Touching mining would be suicide, it's 20% of the GDP. Chile is the most advanced country in South America because of mining, just like the oil countries. We better take that money while it lasts and invest it wisely. The proposed constitution could have been a big blow to the sector, for now it didn't get approved so we will have to see what happens in the future. This uncertainty isn't good for foreign investment, we can only hope that the government gets their act together. By the way, I would argue that copper mining is far more destructive than Lithium mining.

29athrowaway 4y ago
They new government is trying to reform the constitution. Everything else to them is secondary. With the new constitution they can effectively kill separation of powers, checks and balances, etc. and install a far-left dictatorship.
- aeyes 4y ago
  We voted against the proposed new constitution in a referendum. It is unclear what will happen next, most likely a new draft will be proposed and we don't know which ideas from the old proposal will make it over. For now you can safely forget anything you heard about the new constitution, this text is no longer relevant.
  - 29athrowaway 4y ago
    Agreed, but the new government is still pushing for constitutional reform.