World's richest woman would prefer to pay her miners $2 an hour
By Philip Bump / grist.org
Sep 6, 2012

Meet Gina Rinehart. Born Georgina Hope Hancock, Rinehart is heir to her father’s fortune built at Hancock Prospecting in Australia, where Rinehart remains as executive chair. Hancock Prospecting holds the rights to the world’s largest iron ore deposit and has made Rinehart the richest woman in the world, sitting on a fortune of almost $30 billion USD.

Yesterday, Rinehart lost her cool.

Asia’s richest woman, mining magnate Gina Rinehart, warned on Wednesday that Australia was becoming too expensive for mining firms which she said could hire workers for under $2 a day in Africa.

Rinehart’s comments, promptly denounced by Prime Minister Julia Gillard, coincide with growing concern about the strength of Australia’s mining boom in the face of weaker demand from main customer China and tumbling prices of iron ore, its single biggest export earner. …

“The evidence is inarguable that Australia is becoming too expensive and too uncompetitive to do export-oriented business,” Rinehart told the Sydney Mining Club in a rare public appearance. A video of her address was posted on the club’s website.

“Africans want to work, and its workers are willing to work for less than $2 per day,” she said in the video. “Such statistics make me worry for this country’s future.

 

If you listen to the full statement, Rinehart’s arguments will sound remarkably familiar. She’s a job creator, you see, who wants nothing more than to put people to work. But it’s just so expensive! So she does what any job creator would do: oppose carbon pricing and turn to cheap labor overseas.

0.0 ·
0
Trending Today
How Norway Avoided Becoming a Fascist State
George Lakey · 14,229 views today · Instead of falling to the Nazi party, Norway broke through to a social democracy. Their history shows us polarization is nothing to despair over.
Stunning Small Homes Form Part of a Communal Compound for Best Friends
Lighter Side · 11,280 views today · If you’re lucky enough to have longtime friends even as an adult, then you know probably already know how much it means to be able to spend time together. Maybe you even have a...
Globalization Makes No Sense
Chris Agnos · 11,270 views today · When I lived in San Francisco, I often would marvel at the movement of goods through the ports across the bay in Oakland. Full container ships would enter the bay one after...
Where the Term "Redneck" Came From
15 min · 7,706 views today · If you don't know this story, you'll never look at the word the same again.  This is just a window into the sometimes shocking, subversive and untold history of the United...
The Fire Within
Words by Sophie Scholl - Illustrations by Gavin Aung Than · 6,024 views today · Sophie Scholl (1921-1943) was a German activist who is famous for speaking out against the Nazi regime. Scholl was a member of a protest group called The White Rose, which...
Without Saying a Word This 6 Minute Clip From Samsara Will Make You Speechless
6 min · 5,027 views today · Can you put this video into words? It's a clip from the phenomenal documentary Samsara, directed by Ron Fricke, who also made Baraka.  If you're interested in watching...
The Most Astounding Fact about the Universe
3 min · 4,933 views today · This is Neil Degrasse Tyson's response when asked to describe the most astounding fact about the universe. Background music is the cinematic orchestra - To build a home.
The London Anarchist Group Squatting Mansions to Fight Homelessness
6 min · 4,932 views today · London squatting activists ANAL (Autonomous Nation of Anarchist Libertarians) are squatting empty multi-million pound buildings and opening them up to the homeless.
Voices of Standing Rock
49 min · 3,921 views today · Short stories told by water protectors at Standing Rock, North Dakota. Part 1 - Introduction: Since mid-August 2016, thousands have set up camp near the Standing Rock Sioux...
Redneck Revolt Presents: A Message to the Patriot Movement
6 min · 3,195 views today · Over the past few weeks, Redneck Revolt has been communicating with a former member of a III% Patriot Militia based out of Ohio. Peter made contact with our organization after...
The Foiled Bomb Plot in Kansas That Didn't Make Trump's Terror List
5 min · 3,066 views today · When a plot by a pro-white militia to bomb a Somali mosque in Kansas was foiled by the FBI last October, the aborted conspiracy received little national coverage - nor did it...
Your Lifestyle Has Already Been Designed (The Real Reason For The Forty-Hour Workweek)
David Cain · 2,789 views today · Well I’m in the working world again. I’ve found myself a well-paying gig in the engineering industry, and life finally feels like it’s returning to normal after my nine months...
Proof of Evolution That You Can Find on Your Body
4 min · 2,370 views today · Vestigial structures are evolution's leftovers — body parts that, through inheritance, have outlived the context in which they arose. Some of the most delightful reminders of...
The Lessons of Standing Rock
Michael Emero · 2,067 views today · In mid-November of 2016, I was a Water Protector at Standing Rock. At first my goal was to play investigative journalist; documenting then writing about every detail for my...
10 Words Every Girl Should Learn
Soraya Chemaly · 1,993 views today · "Stop interrupting me."  "I just said that." "No explanation needed." In fifth grade, I won the school courtesy prize. In other words, I won an award for being polite. My...
To Change Everything, Start Everywhere
8 min · 1,627 views today · To Change Everything, Start Everywhere! The case for complete self-determination—a guide for the furious, the curious, and the pure of heart. To Change Everything: An...
From Sanctuary City to Liberated City
Frank Lara · 1,204 views today · In just one week, with several strokes of a pen, Trump unleashed upon the working class in the U.S. an attack not seen in decades. From his attack on the flawed Affordable Care...
How a Lack of Touch Is Destroying Men
Mark Green · 1,201 views today · Why Men Need More Platonic Touch in their Lives
Charles Eisenstein: The Two Great Stories That Give Meaning to Our Lives
6 min · 1,172 views today · What matters in life? Who are we? Every culture has answers to these questions. And the way we answer them has profound effects on the health of people and planet. This is a...
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley · 1,028 views today · This is easily the best comic strip ever made.  Pabl
Load More
What's Next
Like us on Facebook?
World's richest woman would prefer to pay her miners $2 an hour