Won't take em long to rape their land. Just look at Bolivia.Chile plans to nationalize its vast lithium industry
Chile's president aims to nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries.www.cnbc.com
I bet over the next 5 years, we'll hear stories about how great Chile's economy is, then in 10 there will be rioting in the streets. Those who fail to learn from history are doomed to repeat it.
Possibly. But what I do expect is that, like Venezuela, the country will make a bunch of economic (socialist) promises to its people based on the production and value of their lithium production today, then find in 5 years that their socialized production is both more expensive and less productive than the current model, and suddenly they are running extreme deficits even while sitting on a treasure trove of resources.
Why am I thinking of Imelda Marcos and all her shoes?
Of course! What's better than gittin all greased up and sporting yer ev? 😁
It's better way to monetize their lithium resources compared to the royalty scheme they have been using.
Maybe we can all be Russia like Fatass and MAGA have pushed for 7 years now.Chile plans to nationalize its vast lithium industry
Chile's president aims to nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries.
I bet over the next 5 years, we'll hear stories about how great Chile's economy is, then in 10 there will be rioting in the streets. Those who fail to learn from history are doomed to repeat it.
Yes, it’s a brilliant move. I’m sure it will work this time. Is this an example of “real” socialism? Should we keep our eye on it so in a few years you can tell us you told us so? Make your prediction, Pilt, how soon before unheard of prosperity sets in for the Chilean people?
I predict this will work out well for Chile. I leave it to you to decide whether it is "real" socialism or not.
Even a broken watch is right twice a day, socialism not so much.
Sorry I can't deal with all the nuance of your arguments
What do you mean by working out well? What’s the time frame for it to be working out well? Is there a downside? Come on, Pilt, don’t be like @davidallen and dodge making a stand. You say it’s a good move and it will work out well. What does that mean for the typical Chilean citizen? Be specific. If you can’t be specific (or refuse to be) we will know you’re not serious in your attitude, you don’t really mean what you say, you’re just virtue signaling on behalf of your cause.
I am struggling to think of one. The upside will be limited by lithium prices.
Maybe an extra $1000 per year. Again depending on price. The true test is whether Chilean lithium production is higher in 2031 than it is today.
I get bored with pedantry. It's a good idea whether you call it socialism communism or state capitalism or whatever.
It occurs to me, Pilt, that I am being unfair to you, putting you on the spot. Of course you can’t say it’s real socialism because when it fails miserably, as it certainly will, you need to have the fallback position that it wasn’t real socialism, it’s problem was that it wasn’t socialist enough. There. I said it for you, so your backside is protected. You can thank me by buying the beer if we ever meet in person.
I see the average salary in Chile is about $1225/month. So if you’re correct this 51% socialist move will add $80-$90/month to their salary *provided* the 51% socialist lithium production is higher in 2031 than it is today. Do I understand you correctly? When will the extra $1000/year kick in? 2024 or 2031? Historically speaking what are the prospects a Latin American 51% socialist lithium project will increase production in 2031? Maybe we should call in @davidallen and get his opinion. After all he gets $400/hour to make calls like this. It’s ironic, isn’t it? In a partially capitalist society like America a guy who gets fired from his job can immediately parley that into a $400/hour gig, while in 51% socialist Chile a worker can hope to make $1000/year more in a few years than he currently makes provided production increases. Should that tell us anything?
Don’t worry about it. This will be socialist mining, at least 51% of it will be, and no operation is more green than a socialist operation. There will be no environmental ill-effects. Put your concerns to rest, my friend.
Oh my apologies, I'm not arguing with you, that's a waste of time. I'm ridiculing your position. As has been said by a wise man, the ability to get through to the board's slow is beyond my capabilities.
Only conservative backed operations can cause environmental impacts. Leftist's virtue signaling will override all green energy environmental impacts.
Man these lithium supply chain issues are tricky. Any chance we could talk you into joining the Dept. of Energy for a few months to cut through all the bullshit?
You didn’t know what a supply chain was until Brandon starting talking about it.
To be honest Brandon is not the one that started disrupting supply chains that had taken decades to establish. That “honor” goes to none other than Donald J. Trump. Brandon just doubled and tripled down on it.
But he is right, isn’t he,Sys? You had no clue about supply chains before Brandon, did you?
