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BBC patronizes gold mining's contribution in Tanzania
9:33a ET Saturday, October 17, 2015
Dear Friend of GATA and Gold:
BBC News yesterday did a three-minute report on gold mining in Tanzania that, while noting gold mining's great contribution to the country's economy and its vast potential, emphasized the challenge of wealth distribution. The report seems not to realize that wealth distribution is a challenge not only in the developing world but increasingly even in the developed world as well, where the financial class has corrupted governments and is looting countries just as much as in the developing world if not more so. The BBC report also seems not to realize that, as much as wealth distribution is a challenge, the first challenge is always wealth creation. The segment is headlined "Tanzania's Gold Rush Creates Inequalities" and it can be viewed at the BBC Internet site here:
http://www.bbc.com/news/business-34549251
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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