A terrible tale of negligence is emerging from the Chilean mines disaster. The mining company San Esteban Primera says it cannot even pay the wages of the trapped miners, let alone fund their rescue. So the government steps in.
It would have been cheaper for the company to pay for health and safety measures beforehand. But the global price for copper seems not to be able to sustain this. And a better use of government revenues would have been to enforce health and safety monitoring in the first place, rather than pick up the tab for a disaster afterwards.