World’s richest woman would prefer to pay her miners $2 a day

[Tupac Shakur]

Apparently W hasn't had an alcoholic drink in like 20 years or something. At least since before he ran for governor of Texas, I think.

It doesn't matter when his last drink was. He'll always be an alcoholic.

[a.kitman]

It doesn't matter when his last drink was. He'll always be an alcoholic.

okey.. his hacked or on crack

[Hauldren Collider]

**** off and tellme why your pers like to show there buttcrack.

This is incoherent. Perhaps you can elaborate on what the word "pers" means? Did you mean "peers"? And the plural second person possessive in English is "their", which is frequently confused with the homophonic adverb "there", but the difference is crucial.

[Dr Strangelove]

That wasn't her point. Her point was that the cost of production is extremely high in Australia for a variety of reasons, including the high cost of labor, and it's hurting the global competitiveness of Australia-based mining companies. That's a totally valid criticism.

If Australia's global competitiveness is so hurting why is that Australia is the one developed nation which hasn't experienced recession during the past 5 years?
Australia's main mineral export is iron, not gold, and China, Japan, and South Korea buy plenty of it. South Africa's iron production is tiny compared to Australia's, they're not even remotely a threat to Australia's dominance of the international iron trade.

[Fake Boris]

Africans want to work, and its workers are willing to work for less than $2 per day

What a retarded argument we hear all the time from the conservative side.

That people are willing to work for 2 bucks a day doesn't prove that this is what they want, merely that resources are scarce.

[Dinner]

I say she should go for it and invest in a mine in Africa. Of course, if it was such a great idea then everyone in the mining business would be doing it and I suspect the political instability of most 3rd world countries is what deters them just like the relative stability (and rule of law) in places like Australia is what makes the relatively expensive countries still attractive for investment.

After her mine in Zimbabwe gets nationalized without compensation she just might figure out why no one else was bothering to invest there despite the seemingly larger profits which could be made from a mine there.

[Aeson]

Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Hancock Prospecting, but that other malfunctioning corporation called Australia.

Yah, those immoral Australian workers should be doing everything in their power to demand more compensation :greedisalwaysgood:

[notyoueither]

You missed the Gordon Gekko reference?

[Zevico]

Rinehart is simply pointing out that the current Australian government has reduced Australia's competitiveness by a large margin. The same observations have been made by a former Labor minister, Keith De Lacy:

[Aeson]

You missed the Gordon Gekko reference?

No, I recognized it.

[Zevico]

Andrew Bolt summarises the claptrap around this argument.

[Kidlicious]

I say she should go for it and invest in a mine in Africa. Of course, if it was such a great idea then everyone in the mining business would be doing it and I suspect the political instability of most 3rd world countries is what deters them just like the relative stability (and rule of law) in places like Australia is what makes the relatively expensive countries still attractive for investment.

After her mine in Zimbabwe gets nationalized without compensation she just might figure out why no one else was bothering to invest there despite the seemingly larger profits which could be made from a mine there.

Didn't you read what she said? They WANT to work for $2/day!

[Kidlicious]

Andrew Bolt summarises the claptrap around this argument.

What a partisan hack.

[Zevico]

What a partisan hack.

It is a strange and unfortunate turn to see a man describe another man as such, and think himself as having won the argument. Bolt's partisanship, supposing that he were possessed of it, has nothing to do with the substance of his argument or views. Answer them and there will be some benefit from this discussion.

[Kidlicious]

It is a strange and unfortunate turn to see a man describe another man as such, and think himself as having won the argument. Bolt's partisanship, supposing that he were possessed of it, has nothing to do with the substance of his argument or views. Answer them and there will be some benefit from this discussion.

I don't know what substance you are talking about. Those in the government were saying that she was complaining about the high wages in Austrailia. When you state the miners in Africa get paid $2/day you should expect people to have that belief. Anyone who says otherwise is partisan.