A few weeks ago we noted the world's largest coal producer, Coal India, was on the hunt for global assets to expand their reach. It appears this is now part of a broader national strategy mimicking what China has been doing the past half decade+.
If you have any Malthusian bones in your body, you have to wonder as certain countries waste all their national treasure on bailing out banks, financing the lifestyles of those who refuse to save for themselves, and funding pet projects of their politicians - while others are attempting to snatch up as many long lived assets across the globe, what the long term implications will be.
If you have any Malthusian bones in your body, you have to wonder as certain countries waste all their national treasure on bailing out banks, financing the lifestyles of those who refuse to save for themselves, and funding pet projects of their politicians - while others are attempting to snatch up as many long lived assets across the globe, what the long term implications will be.
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