“That comment marked the point where Rinehart revealed her ignorance, stupidity and clumsiness to the entire world.”
Hardly. The point was taken up as a solid example othe way things are around the world.
Inherently people are going to take advantage of opportunities like this. Its not ignorance or stupidity; its playing the field as it lays.
It’s not wrong for Gina to do what she is doing. It’s not wrong for her to point out the obvious, even if it does get a few noses out of joint.
What’s wrong is the way the system is set up allows and advantages those sort of actions.
What is being pointed out by Gina is the simple fact that if you deny us mineral rent here, we will go somewhere rent can be collected.
And that has to be ok if you want to collect rent. Minerals can be found elsewhere, and if they are, the minerals we hold will eventually reach a value that makes their extraction, under an arrangement that collects the rent due, viable.
It just may take a few decades.
That comment marked the point where Rinehart revealed her ignorance, stupidity and clumsiness to the entire world. Across the globe, mainstream and alternative journalists and the community have united in what can only be described as a ASTRONOMICALLY STUPID thing to say.
Yep, but you can still find many people who believe that uber-wealthy rent-seekers such as Gina have made all their money honestly. Maybe that’s because they DO believe all they read in their Murdoch-Fairfax. (Murfax? = Murdered facts.)
And then capacity goes up over time. And wages follow.
Hopefully the governments manage to capture some of the rent; most do. Less spend that money wisely.
Unfortunately, the “some” they capture is miniscule in the overall scheme of rent, so those dispossessed of their rent are left to hope that trickle down is real. But they remain trickled upon by the 0.1%
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