Gina Rinehart Quotes
The raw materials that Australia has in abundance will always be critical to world growth.
Rinehart, Gina. Northern Australia and Then Some: Changes We Need to Make Our Country Rich. Executive Media, 2012.
Previous governments had attempted to privatize the economy and sold off many of the nationally owned enterprises. Morales, a socialist, began reversing the cycle and “nationalized” the natural gas supply which is plentiful. Bolivia had been getting a very small percentage compared with world standards and Morales renegotiated the percentage for the government, but left the management in private hands. So in that sense he did not “nationalize” the hydrocarbons. The Bolivian mines represented another problem entirely. For years, featherbedding had created tens of thousands of unnecessary jobs for the mining, nut necessary to the people who were employed and the economy. But private operators always wanted to reduce the number of workers to only what was needed. So the nationalization problem was to increase the productivity of the Bolivian mines, maintain the exports of the mined products and maintain the employment---a difficult balancing act.
Sealed under duress and later repudiated by the King with Papal assistance. This clause was particularly interesting in that almost all freedoms have expanded from the Magna Carta in modern democracies. However in this one there was an absolute direct prohibition against the King—the State—taking private property without the owners consent. In modern democracies the right is not as strong as the original. The state, if it needs the property, wood or whatever, and the owner refuses to give it or sell it to the state, the government can condemn the property but must pay the owner the fair market value of the property seized. As a practical matter, the kings of England paid little or no heed to this clause. One of the sources of conflict between the English Royal Navy and the American Colonists was the practice of Naval agents finding tall straight trees, good for the main mast of a ship, and marking it thereby prohibiting the property owner of cutting down that tree until the Crown sent a crew to fell the tree and take it for ship building. They paid no attention to Aticle 31 whatsoever.
Georgina Hope "Gina" Rinehart is an Australian mining magnate. Rinehart is the Executive Chairman of Hancock Prospecting, a privately-owned mineral exploration and extraction company founded by her father, Lang Hancock.
