Home Business In Praise Of Capitalist Mining Companies

In Praise Of Capitalist Mining Companies



As we all know capitalism is the terror of our ages, the capitalists the oppressors. So, instead we should all go and do smaller scale, communally owned stuff. Like, say, digging our own gold mines:

At least 50 killed in collapsed gold mine in east Congo, says NGO

That’s obviously the capitalists killing the colonised, clearly:

Cave-in occurred at artisanal mine, in an industry where fatalities are common

Ah, no, that’s not what artisanal means. What artisanal does mean is that there are no capitalists involved. Instead this is just the people themselves with a few shovels and baskets. At which point 50 people die.

This being the advantage that capitalism brings. By definition, the economic structure means that capital can be sought from outside the group of people working on something. This is the other side of that more usual interpretation which is that the capitalists get to own stuff they don’t work upon.

So, what happens when a few hundred poverty stricken peeps mobilise their shovels and go dig gold? 50 people die, that’s what. And what happens when capitalists are involved? Tens of millions of $ are sunk into machines and diggers and secure mineshafts and cages and lifts and and and…..

Capitalism saves the lives of miners that is. Which is nice, isn’t it, capitalism therefore being a good thing?



  1. I thought that you were celebrating RioTinto’s CEO and head of Iron Ore and the woman in charge of “Indigenous Affairs” getting sacked for allowing a sacred site to be damaged to expand a mine. In contrast to the zero punishment of NCB officials for the Aberfan disaster of which we have just been reminded (without a mention by the BBC that NCB was a nationalised industry).


Please enter your comment!
Please enter your name here


in British English
expunct (ɪkˈspʌŋkt)
VERB (transitive)
1. to delete or erase; blot out; obliterate
2. to wipe out or destroy

Support Us

Recent posts

It’s As If These People Haven’t Read The Stern Review

The Stern Review was the big, 1200 page, report in which it was revealed - insisted perhaps - that climate change was a real...

Fan Ownership Of Football Clubs Might Not Be All That

There's the usual set of whingers off in the corner insisting that all football clubs should be fan owned. The argument being that it's...

The Difficulty Isn’t New Ways Of Lending, It’s People Worth Lending To

A more basic and fundamental point to be made concerning this lovely Greenshill and Gupta story. The difficulty is not in finding new ways...

How Dare People Be This Damn Stupid About Net Zero Emissions?

Assume that climate change is a problem, that we're causing it, that something must be done. OK, so, the aim must be to reduce...

It’s not right to make the poorest pay tax

In the Telegraph is this claim: We have created a weird, through-the-looking-glass tax system where a tiny number of the highest earners have paid most...

Recent comments