Replies to post #2601 on The Rising Influence of Rising Affluence

[oldberkeley]

The federal government of Brazil strong-armed VALE into investing $1.5B in the Belo Monte Amazon dam, which VALE’s outgoing CEO had opposed as unprofitable. VALE’s own language reveals that the company doesn’t think much of the investment potential

We could easily get into a more all-inclusive, far-reaching, certainly political and perhaps even philosophical discussion of the right—perhaps even the obligation—of a government to strong-arm/request/expect (which loaded term should one use?) a highly profitable corporation to contribute some of that profit to its home nation’s infrastructure.

Yes, shareholder rights would certainly come into that discussion.

(You are really down on poor little Dilma; what did this sweet Marxist urban guerrilla ever do to you?) :-)