After the miners' rescue Wednesday, talk in Chile turned to mine safety and the conduct of Compañía Minera San Esteban, the corporation that owns the San Jose mines where the miners were trapped. On Thursday, Chilean President Sebastián Piñera publicly addressed safety issues, vowing "fundamental changes in how businesses treat their workers."
Stories about San Esteban's horrible record are legion (e.g., here and here). The company has been host to a number of deaths at its mines in recent years, and accusations of safety violations including the charge that it ignored orders to install safety equipment--a condition of its reopening after a previous accident--which might have made an earlier escape possible for some miners.
Moreover, during the debacle, San Esteban, which played no part in the miners' rescue, pled poverty and claimed it could not pay the trapped miners wages. As London's Independent reported, San Esteban "says it has no money to continue paying their wages, let alone cope with the lawsuits that will inevitably arise from the ordeal."
All in all, one might say it wasn't an episode in which capitalism cloaked itself in glory. That is, unless one is Wall Street Journal deputy editorial page director and "Wonder Land" columnist Daniel Henninger. In his October 14 column, "Capitalism Saved the Miners: The Profit = Innovation Dynamic Was Everywhere at the Mine Rescue Site," Henninger argued that the miners owed their rescue to a special drill bit developed by a private U.S. company. That was his entire argument.
Henninger's real motive seemed to be to use the miners' rescue to rebut a bit of Obama campaign rhetoric in which the president had sarcastically dismissed notion of unqualified faith in markets:
The basic idea is that if we put our blind faith in the market and we let corporations do whatever they want and we leave everybody else to fend for themselves, then America somehow automatically is going to grow and prosper.
Henninger's response to Obama's remark:
Uh, yeah. That's a caricature of the basic idea, but basically that's right. Ask the miners.
I'm sure the miners are thankful for the heroic drill bit, but their opinion of the role of capitalism in their debacle might be less breathless than Henninger's. Indeed, most of the miners have weighed in on the central capitalist actor in the story: At least 29 of the 33 miners' families have filed lawsuits against San Esteban.
Also inconvenient for Henninger's argument: The rescue was run by the Chilean government and its relevant ministries, not by the capitalist company. Oh, and the U.S. government's space agency, NASA, also played a crucial role, designing the rescue capsule and consulting on safety issues.
Moreover, it's worth noting that, while Chile's larger, government-owned mines have relatively good safety records, the same cannot be said for its smaller, capitalist-run mines, such as San Esteban's.
No one argues that capitalism does not produce new innovations (while sometimes stifling innovations too), but in Henninger's capitalist Wonder Land, the bad actions of capitalists, as well as the the good and vital acts of governments, are banished to the real world.
Tags: Chile, Daniel Henninger
***
REWIND - A Week of Quotes & Cartoons
SUNDAY
Quote of the Day
October 10, 2010
'... In effect, the real long-term unemployment figure
now may be closer to 7.5 million Americans.
'So who are these unfortunate or unlucky people? Long-term unemployment,
research shows, doesn'tdiscriminate: no age, race, ethnicity, or educational
level is immune. According to federal data, however, the hardest hit when it
comes to long-term unemployment are older workers -- middle aged and
beyond, folks like Rick Rembold who can see retirement on the horizon but
planned on another decade or more of work. Given the increasing claims of
age discrimination in this recession, older Americans suffering longer bouts
of joblessness may not in itself be so surprising. That education seemingly
works against anyone in this older cohort is. Nearly half of the long-term
unemployed who are 45 or older have "some college," a bachelor's degree, or
more. By contrast, those with no education at all make up just 15% of this
older category. In other words, if you're older and well educated, the
outlook is truly grim.'
'Stranded on the Sidelines of a Jobs Crisis'
By Andy Kroll
TomDispatch
October 5, 2010
http://tinyurl.com/26u4eaf
Toon of the Day
http://tinyurl.com/2bsrnb3
Sludge
Tony Auth - Philadelphia Inquirer
MONDAY
Quote of the Day
October 11, 2010
'You have a burst pipe behind the wall and the water is coming out. You have
to fix the pipe, not just patch the wall.'
South African Finance Minister Pravin Gordhan, who has seen 'his country's
traditional problems with unstable capital flows and a volatile currency
Financial Times
October 11, 2010
http://tinyurl.com/2e344we
Toon of the Day
http://tinyurl.com/2e2pwcz
A new -gate Scandal?
Tom Toles - Washington Post
TUESDAY
Quote of the Day
October 12, 2010
'I remain terrified of the capacity of the media, the capacity of spin
doctors, here and abroad, particularly the United States media, to
perpetuate false lies, perpetuate lies. Mussolini, I think, defined fascism
as the moment when you couldn't put a cigarette paper between political and
corporate power. He assumed, when he offered that definition, that media
power was already his. But I worry terribly that the absence of
serious critical argument is going to produce a new kind of fanaticism, the
new simplicities that are as dangerous as the ones which caused us to march
against
Iraq and as misunderstood.'
British Novelist John le Carre
Interviewed on
Democracy Now!
October 11, 2010
http://tinyurl.com/35gczf4
Toon of the Day
http://tinyurl.com/26uhbsb
The Rest of the World Goes By
Pat Oilphant
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