Bolivarian Miners Kill Government Minister In Protest Against Socialism, by Tim Worstall. The Bolivian Government nationalised the mines (and all of the country’s mineral resources) soon after being elected in 2006. Cooperatives are able to gain a license to mine, but the government insists that such cooperatives cannot then team up with private sector companies. Mining is capital intensive business and cooperatives have no means of raising the large amounts of capital required for modern equipment — they cannot sell shares in themselves or credibly borrow money. So the miners must work with hand shovels and pick axes, and they have had enough.
It is indeed possible to go mining with little more than a shovel (spades are what farmers use) and a hard hat but you’re never going to make much money doing so. Income will be low, barely above subsistence level.
What is needed is capital, vast great gobs of it, to buy the machinery to make the mines more productive per man hour of labor. And vast great gobs of capital is not something that Bolivian miners up on the altiplano have. Thus their desire to work with and for private companies who can provide that necessary and essential ingredient. …
Striking miners in Bolivia kidnapped and beat to death the country’s deputy interior minister after he traveled to the area to mediate in the bitter conflict over mining laws, officials said.
Imagine digging that pit by hand.
The workers, united, are revolting against socialism…. “We want capitalism; when do we want it? Now!”