posted on Mar, 29 2016 @ 12:30 PM
a reply to: drwire
Time to buy more copper products, I guess...
The country is in this really interesting place though, and it'll be interesting to see what sort of effect the explosion of college-educated workers
will have on the economy.
Last year, it almost felt like a more extreme version of the bubble-like growth in the US. I hadn't been there in over a decade, and even in that
time period some parts of Santiago became unrecognizable, which made the fact that parts of the rest of the country looked as tired as ever stand out
that much more.
At least a ton of the infrastructure Improvements seem to be privately funded/operated as concessions, so there's that at least.
I'm hoping that it all works out for the better. Chile, unlike other commodity-driven oil economies like Canada, Russia, and the US that are still at
the mercy of other producers, is at least sitting on the world's largest copper reserves and as such is in much more of a place where it can dictate
prices and it's own economic fortune than the oil economies can.
Let's hope that demand for copper continues to surge. I would hate to see Chile go the way of Canada or Russia, where all of its commodity-driven
economic growth is wiped away by market forces (along with all the defense procurement that was to be funded by it like the F-35C or the Pak-FA).
Although realistically, even the Gripen is honestly overkill for what Chile needs from a fighter (aka, something to harass Bolivia, Peru, and the
Argies), and perhaps Northrop will decide to release a fighter variant of their T-X design to be marketed as a sub-Gripen F-5/Mirage replacement.
Chile could then spend the extra cash they'd save on a fleet of Kawasaki P-1s for maritime reconaissance and fisheries enforcement.