Local workers are already providing the knowledge base and have the experience, the capital will be supplied by the government. Returns will increase by a thousand!
@JamesTate121 This will be interesting considering they don't have the resources to do the drilling, extraction and transport nor the mining ability. Then they will also need the knowledge base for further exploration.
Burkina Faso is a direct contradiction to these assumptions and presumptions. Under a military leader—non-elected—they have created factories producing their tractors, expanded land ownership, built 3 times the annual km of roads per year, and improved health and education.
@uavictory22@JamesTate121 This is part of that us left the soft power-reasoning. Now russia , china and local dictators will take over part were before they saw usa as a beacon of hope.
@uavictory22@JamesTate121 Better they are corrupt within themselves than the corruption coming from trump and company. We don't need it, and they don't want it. They are smart.
@MrLewiszspeakz@JamesTate121 nope. trump is trying to do the same thing. tariff the foreign competition, extract favor from connected local companies
not a good example to follow
China is EXTREMELY EFFICIENT. Review it's bridges, roads, trains, schools, and enterprises. Western control has contributed to more graft, corruption and greed for a few, more political destabilization and wealth for select sellouts, DENYING greater benefits to all.
@JamesTate121 i can understand frustration with US, but state ownership?
a very bad idea. if you don't feel you're being compensated enough, charge more, but don't turn over resources to what will generally will become an inefficient cesspool of corruption
This is not winning
Namibia has cancelled its oil and gas contract with the United States and ordered an immediate halt to all American mining operations within its territory. The Namibian government made it clear that it is shifting towards full state ownership and control of its natural resources, including oil and gas. This move is part of a broader effort to assert national sovereignty over critical sectors and ensure that the country benefits more directly from its resource wealth. The government emphasized that foreign companies will no longer dominate extraction and that new policies will prioritize state-led development and national interests.