by Subjectivist » Fri 05 Feb 2016, 09:29:15
$this->bbcode_second_pass_quote('Ibon', '')$this->bbcode_second_pass_quote('Tanada', 'W')ell I guess this will prove one way or the other if the government of China really is backing the canal project or not. If the government is just using HKND as a front organization 'new investors' will appear shortly and work will resume full pace operations. If this really is a project of a multi Billionaire who has now fallen on hard times funding will keep falling off until it zeroes out. Anyone care to guess which will turn out to be the truth?
I hope it fails. I have in the meantime talked to visiting ecologists and also a couple of residents of Nicaragua who shared with me the unique habitat of Lake Nicaragua and the river that flows out of the lake down to the ocean. The fishery , the unique aquatic biodiversity, the sheer beauty of this lake and meandering river that flows to the sea bordered by riparian forest.... all to be destroyed and channeled. This specific area is Nicaraguas most treasured natural asset.
So late into human overshoot and we still do not value what is really wealth. Sure, money will poor into the country enabling a small middle class to emerge with buying power to siphon off some of the containers passing through the canal that will be filled with Chinese made crap....at the cost of destroying the country's most treasured natural asset. The country natural wealth will be made poor and a small percentage of the population will ramp up consumption.
The poorest of Nicaraguans will see little benefit except that the natural resource base they subsist off of will be made poorer.
Let's hope for some real global economic contraction in the months ahead to stop this madness