Friday, February 25, 2011
Why I support the people of Thompson
Michael Moore:
To people down here in the U.S., Thompson, Canada and its fight with the Brazilian mining giant Vale may seem very far away.
Here's what's happening in Thompson, and why it matters so much:
The mine in Thompson used to be run by Inco, a Canadian corporation that made peace with unions and shared the wealth. When Vale bought Inco in 2006, they signed a contract with the government setting out what they would do to benefit Canadians.
Immediately afterward, Vale violated the contract and went on the attack -- forcing miners in Sudbury, Ontario out on the longest strike in their history. And now in Thompson they're trying to shut down the smelting and refining operations that have made the city a major economic hub of the province. Meanwhile, the Conservative government of Stephen Harper -- think of George W. Bush with a Canadian accent -- is actually helping Vale do this to their fellow citizens, with a giant $1 billion government loan which Vale is using to move jobs out of Thompson. Moreover, the largest institutional investor in Vale is Blackrock, an investment firm which in turn is owned by several of America's bailed-out banks ... including Bank of America.
Continue reading here.
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