Matias, free markets have never been properly implemented here. They have been implemented under Dictatorships and heavily corrupt governments.
They can work in Latin America, Chile is a global success story. Its easy to ignore because it doesnt fit the argument but there it is, sitting across the Andes.
The reason that mining results in what you have said is due to poor regulation, lack of controls etc etc. This is how it works here (and plenty of other places):
Mining company X comes in, wants to do something. Politician X says I will only approve if you put $XX millions in my and my socios pocket. Approvals get whipped through, company X does whatever the hell they like and leaves the place in a dump. Everyone is happy except the environment and the people.
The problem is not the Company, its the Politician/Government/Laws/regulations etc etc.
The 90s were a joke Matias and it was not text book free markets, it was the government selling national companies at bargain basement prices so Menem and his cronies could fill their pockets. And there was still big government. You cant count that as a try and fail.
Big government usually doesnt work and there is no way it will work here with the present culture, why? Because politicians and a few empresarios / their cronies are corrupt as hell and steal everything. There are rules for them and rules for the rest.
The key to making free(er) markets (hell free or restricted) is to build confidence in the economy & the country. No country has ever developed with hyperinflation.
They can work in Latin America, Chile is a global success story. Its easy to ignore because it doesnt fit the argument but there it is, sitting across the Andes.
The reason that mining results in what you have said is due to poor regulation, lack of controls etc etc. This is how it works here (and plenty of other places):
Mining company X comes in, wants to do something. Politician X says I will only approve if you put $XX millions in my and my socios pocket. Approvals get whipped through, company X does whatever the hell they like and leaves the place in a dump. Everyone is happy except the environment and the people.
The problem is not the Company, its the Politician/Government/Laws/regulations etc etc.
The 90s were a joke Matias and it was not text book free markets, it was the government selling national companies at bargain basement prices so Menem and his cronies could fill their pockets. And there was still big government. You cant count that as a try and fail.
Big government usually doesnt work and there is no way it will work here with the present culture, why? Because politicians and a few empresarios / their cronies are corrupt as hell and steal everything. There are rules for them and rules for the rest.
The key to making free(er) markets (hell free or restricted) is to build confidence in the economy & the country. No country has ever developed with hyperinflation.