http://agmetalminer.com/2008/07/02/peru-miners-strike-for-higher-salaries/ Sourcing & Trading Intelligence for Global Metals Markets Wed, 08 Feb 2012 15:39:20 +0100 hourly 1 http://wordpress.org/?v=3.3.1 http://agmetalminer.com/2008/07/02/peru-miners-strike-for-higher-salaries/comment-page-1/#comment-425 admin Thu, 03 Jul 2008 02:05:30 +0000 http://agmetalminer.com/2008/07/02/peru-miners-strike-for-higher-salaries/#comment-425 Great comments! The populism and resultant government intervention of many Latin American countries has proven itself time and time again to be completely ineffective. I suspect Venezuela's intervention in the ownership and operation of Ternium Sidor will result in complete disaster. It always does! LAR Great comments! The populism and resultant government intervention of many Latin American countries has proven itself time and time again to be completely ineffective. I suspect Venezuela’s intervention in the ownership and operation of Ternium Sidor will result in complete disaster. It always does! LAR

]]> http://agmetalminer.com/2008/07/02/peru-miners-strike-for-higher-salaries/comment-page-1/#comment-422 Jay Wed, 02 Jul 2008 20:00:17 +0000 http://agmetalminer.com/2008/07/02/peru-miners-strike-for-higher-salaries/#comment-422 This is another case of state interventionism in private affairs. If workers are not being properly compensated, they can always extend the strike or simply walk out. The more a government interferes with private actions, the more dependant its people become of a father-state. When it comes to market conditions (i.e. workers' salaries or benefits), it is best to let the market rule out those who don't provide up-to-par opportunities, in benefit of companies who actually do. In this case, we'd never know how willing to negotiate the mining companies would be (and the fact that they need qualified workers lead me to believe they would likely be quite accommodating) if the state intevenes and interferes. This is another case of state interventionism in private affairs. If workers are not being properly compensated, they can always extend the strike or simply walk out. The more a government interferes with private actions, the more dependant its people become of a father-state. When it comes to market conditions (i.e. workers’ salaries or benefits), it is best to let the market rule out those who don’t provide up-to-par opportunities, in benefit of companies who actually do. In this case, we’d never know how willing to negotiate the mining companies would be (and the fact that they need qualified workers lead me to believe they would likely be quite accommodating) if the state intevenes and interferes.

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