I've been asked to comment on an editorial which appeared today in the Wall Street Journal titled The Politics of Latin American Poverty written by Mary Anastasia O'Grady. She writes:
Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment. The region needs secure contract and property rights. If local leaders won't defend those rights, programs like Mr. Obama's $2 billion "global education fund" won't amount to a hill of frijoles.
A lesson in this reality is now playing out in El Salvador, where a $77 million investment by Pacific Rim Mining Corp., in one of the poorest parts of the country, has been stalled by the government of President Tony Saca.
This is the second editorial by-lined by O'Grady in recent months to focus on the issue. The first editorial, which appeared in June, also criticized El Salvador for its treatment of Pacific Rim.
In neither of the articles is there any hint of independent assessment of the facts. The only source of information in the editorials is Pacific Rim itself and the company's polling company. (Contrary to the assertion in the editorial, public opinion in El Salvador does not support the gold mines, as an independent poll by the University of Central America illustrated).
I have dealt with Pacific Rim's complaints about the permitting process and the many related issues in 23 posts on the topic so far. I have tried to provide a fair amount of space to Pacific Rim's arguments as well as the arguments of its opponents. You'll find much more information here than in the Wall Street Journal's parroting of the Pacific Rim lobbyists.