For instance, how do you prevent fires in coal mines?
The best way is to avoid digging "gassy" deposits that let off a lot of methane; and regularly monitoring and servicing equipment and ensuring it's used within its rated capacity to ensure that you don't get sparks etc.
What happens when the order is to just produce more at all costs? You skip on maintenance, run machinery above its rated capacity, and look at reopening that geologically easy but riskily gassy deposit you mothballed in 2015.
The end result is more dead coal miners.
Similarly with some of the details about some of the environmental regulations around tailings ponds etc. What do you want mining regions to look like, and what air quality are residents entitled to?
I often drive through the Hunter Valley coal region near Sydney, one of the world's biggest coal basins.
It has significant air quality issues but a lot of money has been spent ensuring that mining is largely out of sight from the neighbouring horse stud/winery/tourist trade.
If you want a coal mining sector that kills large numbers of miners and turns China's coal belt into a polluted hellscape as in the 2000s and early 2010s, you can definitely increase capacity at relatively low costs.
If you want a moderately prosperous society, though?
China's coal belt isn't simply some backwater that can easily be ignored.
Yan'an, near the coal-rich Shaanxi/Shanxi/Inner Mongolia border, is one of the birthplaces of the Communist revolution.
All routes to NW China pass straight through the coal belt.
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In general I agree 100% with what @mattyglesias says here, but in the specific case of Jamie Dimon I feel the more straightforward lesson is just that investment banking CEOs shouldn't make dickish comments about major clients.
There's a lot of descriptions of rhe sheer logistical difficulty of increasing output, especially from tricky underground mines in Shanxi, and especially while observing safety and environmental regulations.
This reminds me of the way, even before the autumn power crunch, coal mining prices had risen sharply in China in recent years:
@andymukherjee70@bopinion@rpollard I agree with Andy that the greater tragedy here is that a more consultative, thoughtful reform of India's farm economy might have provided the bedrock of the industrialization and growth the country so badly needs.
Net debt will be smaller because you net out cash; and you only count drawn-down borrowings in the credit facility as debt, whereas a line of credit is the whole facility.
Does is make a difference that tennis isn't fundamentally a team sport, so its stars tend to speak their minds whereas the likes of the NBA were more easily cowed?
The counterpoint is the John Cena thing, but professional wrestling isn't exactly famous for its performers' fierce independence from the system: cbsnews.com/news/john-cena…
The other factor is that this is being led by sports*women*, and is not just a China thing but a #metoo thing too.