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Thread: Is Ireland another Zambia?

  1. #1
    Politics.ie Member clearmurk's Avatar
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    Default Is Ireland another Zambia?

    Just happened to catch an interesting documentary on BBC4 tv last night: Why Poverty - Stealing Africa

    BBC iPlayer - Why Poverty?: Stealing Africa

    A couple of points struck home

    - Zambia appears to have been "required" to sell off its natural resources (in this case copper ore) to meet IMF and other creditor requirements - just like Ireland
    - Transfer pricing mechanisms in use by a large multi-national appear to have been used to transfer significant mining wealth out of the country with little return to the state or citizens - just like Ireland
    - An argument is made that if Zambia didn't accept industry terms, then the industry would go elsewhere - just like Ireland.

    Is this where we are going? Or have we already got there?

  2. #2
    Politics.ie Member daveL's Avatar
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    Yes we are already there.

  3. #3
    Politics.ie Member Shqiptar's Avatar
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    Quote Originally Posted by daveL View Post
    Yes we are already there.
    Absolutely.

    *stirs mealie-meal*
    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

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    Politics.ie Member Clanrickard's Avatar
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    Quote Originally Posted by clearmurk View Post
    Just happened to catch an interesting documentary on BBC4 tv last night: Why Poverty - Stealing Africa

    BBC iPlayer - Why Poverty?: Stealing Africa

    A couple of points struck home

    - Zambia appears to have been "required" to sell off its natural resources (in this case copper ore) to meet IMF and other creditor requirements - just like Ireland
    - Transfer pricing mechanisms in use by a large multi-national appear to have been used to transfer significant mining wealth out of the country with little return to the state or citizens - just like Ireland
    - An argument is made that if Zambia didn't accept industry terms, then the industry would go elsewhere - just like Ireland.

    Is this where we are going? Or have we already got there?
    No Ireland is not like Zambia. No we haven't sold off our resources. No industry doesn't set the terms our government does. Yes if you borrow money you do so on the borrowers terms. Yes if you don't like the terms cut your cloth to suit your measure. And furthermore it was the Socialists who bankrupted Zambia and ended up asking the IMF for help

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    Politics.ie Member ruserious's Avatar
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    ehm....no.
    Boycott the "Irish" Sun rag.

  6. #6
    Politics.ie Member ruserious's Avatar
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    Quote Originally Posted by Shqiptar View Post
    Absolutely.

    *stirs mealie-meal*
    You got mealie-meal?? Sake!!! I'm stuck with plumpy'nut!
    Boycott the "Irish" Sun rag.

  7. #7
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    Quote Originally Posted by clearmurk View Post
    Just happened to catch an interesting documentary on BBC4 tv last night: Why Poverty - Stealing Africa

    BBC iPlayer - Why Poverty?: Stealing Africa

    A couple of points struck home

    - Zambia appears to have been "required" to sell off its natural resources (in this case copper ore) to meet IMF and other creditor requirements - just like Ireland
    - Transfer pricing mechanisms in use by a large multi-national appear to have been used to transfer significant mining wealth out of the country with little return to the state or citizens - just like Ireland
    - An argument is made that if Zambia didn't accept industry terms, then the industry would go elsewhere - just like Ireland.

    Is this where we are going? Or have we already got there?
    You're the type of person that listens to a song and thinks 'OMG it is so totally about me and that chick that won't go near me', aren't you?

  8. #8
    Politics.ie Member clearmurk's Avatar
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    Quote Originally Posted by ruserious View Post




    ehm....no.
    I'm sure there are a few idyllic pictures of Killarney around the place too....

  9. #9

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    Quote Originally Posted by ruserious View Post
    You got mealie-meal?? Sake!!! I'm stuck with plumpy'nut!
    Plumpy'nut ? Luxury!
    Redacted.

  10. #10
    Politics.ie Member clearmurk's Avatar
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    Quote Originally Posted by Clanrickard View Post
    No Ireland is not like Zambia. No we haven't sold off our resources.
    Yet

    No industry doesn't set the terms our government does.
    So industry has no say on taxation regimes here? - not a sustainable position. Was it not a few months ago, for example, that the IFSC was found to have "special" sole access to government regarding EU policy in the area?

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