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Mining is effectively selling the family gold
By Rahul Basu
Rahul Basu is the Research Director at the Goa Foundation and a member of ‘The Future We Need’, a global movement to make intergenerational equity foundational for civilisation beginning with minerals
Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth
The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question.
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