• Bernie Ecclestoned
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    1 year ago

    They convinced investors to buy into the mining company, they bought the land, they paid the prospector, they bought the mining equipment, they paid the miners

    The gold paid them back.

    How else could it work?

    Edit. Interesting that no one has an answer on how else it could work… For example, in Bolivia there are mining cooperatives, but they still use all the tools of capitalism to extract the gold, and the co-op members are no different to investors really. The hours worked and conditions are no different. Mining is hard and dangerous.

    • pizzahoe@lemm.ee
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      1 year ago

      They bought the land? They paid the miners?? Mining has a history of forcing native people out of their lands through threats or worse killing people, making slaves out of poor people and forcing them into 12+ hours shifts in horrible and unsafe conditions.