MarketExtractivism
Company Profile

Extractivism

Extractivism is the removal of natural resources particularly for export with minimal processing. This economic model is common throughout the Global South and the Arctic region, but also happens in some sacrifice zones in the Global North in European extractivism. The concept was coined in Portuguese as "extractivismo" in 1996 to describe the for-profit exploitation of forest resources in Brazil.

Background
Definition Extractivism is the removal of large quantities of raw or natural materials, particularly for export with minimal processing.'' Scholarly work on extractivism has since applied the concept to other geographical areas and also to more abstract forms of extraction such as the digital and intellectual realms or to finance. Guido Pascual Galafassi and Lorena Natalia Riffo see the concept as a continuation of Galeano's Open Veins of Latin America (1971). Criticism The term and its negative connotations have drawn comments from some economists and high-ranking officials in South America. Álvaro García Linera, Vice President of Bolivia from 2005 to 2019 wrote: :All societies and modes of production have these different levels of processing of "raw materials" in their own way. If we conceptualize "extractivism" as the activity that only extracts raw materials (renewable or non-renewable), without introducing further transformation in labor activity, then all societies in the world, capitalist and non-capitalist, are also extractivist to a greater or lesser extent. The agrarian non-capitalist societies that processed iron, copper, gold or bronze on a greater or lesser scale, had some type of specialized extractive activity, complemented in some cases with the simple or complex processing of that raw material. Even the societies that lived or live from the extraction of wood and chestnut along with hunting and fishing, maintain a type of extractive activity of renewable natural resources. The concept of extractivism has been criticized by Nicolás Eyzaguirre, Chilean Minister of Finance between 2000 and 2006, who cites the mining sector of Australia as a successful example of a "deep and sophisticated value chain", with high human capital, self-produced machinery and associated top-tier scientific research. For the case of Chile Eyzaguirre argue that rentierism and not extractivism should be the concept of concern. Naomi Klein also touches on this in her book This Changes Everything: Capitalism vs. The Climate. She writes, "Extractivism ran rampant under colonialism because relating to the world as a frontier of conquest- rather than a home- fosters this particular brand of irresponsibility. The colonial mind nurtures the belief that there is always somewhere else to go to and exploit once the current site of extraction has been exhausted." Actors Transnational corporations (TNCs) are a primary actor in neo-extractivism. Originally, as TNCs began to explore raw material extraction in developing countries they were applauded for taking a risk to extract high-demand resources. TNCs were able to navigate their way into a position where they maintained large amounts of control over various extraction-based industries. This success is credited to the oftentimes weak governance structure of the resource dependent economies where extraction is taking place. Through complex arrangements and agreements, resources have slowly become denationalized. As a result of this, the government has taken a "hands-off" approach, awarding most of the control over resource enclaves and the social responsibility that accompanies them to TNCs. This occurs through techniques such as mining, drilling and deforestation. Resources are typically extracted from developing countries as a raw material. This means that it has not been processed or has been processed only slightly. These materials then travel elsewhere to be turned into goods that are for sale on the world market. An example of this would be gold that is mined as a raw mineral and later in the supply chain manufactured into jewelry. == Neo-Extractivism ==
Neo-Extractivism
Definition Neo-extractivism, which was adopted primarily by countries in Latin America during the commodity boom of the early 2000s, refers to a development model where state governments increase their control over the extraction and revenue of natural resources to fund social programs. Unlike other neoliberal extractivist models, neo-extractivism regulates the allotment of resources and their revenue, pushes state-ownership of companies and exports, revises contracts, and raises export duties and taxes while still remaining an export driven economy reliant on global markets. Pink Tide governments claimed that intense extractivism was necessary in order to fund social programs such as poverty reduction, expansion of infrastructure, and social inclusion. This increase in social funding led to measurable improvement in poverty and other indicators of poverty across Latin America. During the same commodity boom that improved social conditions, factors such as biodiversity loss, forest clearing, pollution in water supplies, and health risks surrounding toxic waste deposits all worsened. However, this kind of language was conflicting with the Correa government's increasing dependence on extraction. While the neo-extractivist developmental model did show measurable improvements in social conditions, it also revealed the structural boundaries of an export driven extractivist economy and the socioecological conflicts that follow. == Impacts of Extractivism ==
Impacts of Extractivism
Economic benefits Demand for extracted resources on the global market has allowed this industry to expand. Extractivism has therefore been seen as a tool for economically advancing developing countries that are rich in natural resources by participating in this market. It is argued that the emergence of this industry in the neo-liberal context has allowed extractivism to contribute to stabilizing growth rates, increasing direct foreign investment, diversifying local economies, expanding the middle class and reducing poverty. The green economy has emerged as an economic model in response to the arising tensions between the economy and the environment. Extractivism is one of the many issues that exist at this intersection between the economy and the environment. Environmental consequences One of the main consequences of extractivism is the toll that it takes on the natural environment. Due to the scale extraction takes place on; several renewable resources are becoming non-renewable. The environment often must compensate for overproduction driven by high demand. To what degree humans have a right to take from the environment for developmental purposes is a topic that continues to be debated. Social impacts In addition to the environmental consequences of extractivism, social impacts arise as well. Local communities are often opposed to extractivism occurring. This is because it often uproots the communities or cause environmental impacts that will affect their quality of life. Extractivist policies and practices heavily destroy the land as explained above. This changes game populations, migration patterns for animals, pollutes rivers and much more. Doing so, does not allow Indigenous populations to practice their culture and ways of life because the environment they depend on to hunt, fish etc. is drastically changed. As well, foreigners usually fill the highest paying managerial positions, leaving local community members to do the most labour intensive jobs. Frequently, the enclaves where extractivism occurs are distanced from government involvement, therefore allowing them to avoid being subjected to the enforcement of national laws to protect citizens. It is argued that prolonged social transformation cannot thrive on export dependent extractivism alone therefore making neo-extractivism a potentially flawed development method on its own. Political implications campaign began in Canada to build indigenous sovereignty and nationhood and to protect water, air, land and all creation for future generations. Due to the fact that the state is a prominent actor in the extractivism process it has several political implications. It pushes the state into a position where they are one of the central actors involved in development when recent decades have seen a shift to civil society organizations. The increasing demand for raw materials also increases the likelihood of conflict breaking out over natural resources. Conflicts between Indigenous peoples, corporations and governments are occurring around the world. Because many of the extractivist practices take place where Indigenous communities are located, the conflicts are making these landscapes politicized and contested. The conflicts are driven because Indigenous lives are put in jeopardy when they are dispossessed, when they lose their livelihoods, when their water and land is polluted and the environment is commodified. Anti-extractivist activism Because extractivism so often has negative implications for the Indigenous communities it affects, there is much resistance and activism on their end. For example, from the 1980s and through today we can see examples of "extrACTIVISM", a term coined by author Anna J. Willow. In protest of the logging project on their land, the Penan of Borean Malaysia claimed it was a case of civil disobedience as a means to end it and succeeded. In '89, Kayapó peoples stood up against the building of dams on their land in Pará, Brazil, causing their funding to be stopped and successfully ending the project. The U'wa people of Colombia ended oil extraction on their land through blockade activism from the 90s through 2000. Just this year, the Keystone Pipeline that runs through Canada and the U.S. was put to a halt due to Indigenous activism. Its construction officially ended in June 2021. Despite the difficulties they face in protesting these projects, their resilience continues to flourish and oftentimes they succeed in ending extractivism on their land. Another example of this activism is the Ponca tribe planting corn in the path of the Keystone Pipeline as an act of resistance. Aside from active protesting, Tribal sovereignty is essential in their goal of protecting their own land. == Case studies ==
Case studies
Yanacocha gold mine The Yanacocha gold mine in Cajamarca, Peru, is an extractivist project. In 1993, a joint venture between Newmont Corp and Compañia de Minas Buenaventura began the project. The government favoured this project and saw it as an opportunity for development therefore giving large amounts of control to the mining companies. Ecuador: oil exploitation in Yasuni National Park Many Amazonian communities in Ecuador are opposed to the national government's endorsement of oil extraction in Yasuni National Park. The Spanish corporation Repsol S.A. and American corporation Chevron-Texaco have both attempted to extract oil from the reserves in Yasuni. == See also ==
tickerdossier.comtickerdossier.substack.com