Been Spending Most Their Lives, Living In The Workers' Paradox

Tyler Durden's picture

In the 'I need to read that again to make sure I am not totally nuts' headline of the day, Reuters is reporting that 100 Sardinian miners have gone totally M.A.D. over the potential closure of the mine they work at. Barricading themselves 400 meters underground with 350 kilograms of explosives and threatening to "stay [there] indefinitely."

From Reuters:

The miners from a 460-strong workforce seized 350 kilos of company explosives and locked themselves inside the Carbosulcis mine west of Cagliari overnight on Monday, one of them said, ahead of a government meeting this week to discuss the pit's future.

 

"We are worried that the mine may close. We are afraid for our jobs," said Sandro Mereu, 54, a miner who has worked there for 28 years.

 

"We are prepared to stay here until we hear a response from the government that secures the future of the mine. We will stay here indefinitely," Mereu told Reuters by telephone.

 

The miners want the mine to be diversified into a combined mining and carbon capture site to protect its future. Carbon capture is the storing of polluting emissions underground to mitigate global warming.

 

Carbosulcis was estimated to have 600 million metric tons of coal reserves in 2006 but has struggled to stay productive. It was previously occupied in 1984, 1993 and 1995, when protesting workers stayed in a tunnel for 100 days.

While one certainly sympathizes with anyone who is unable to adapt to the New Abnormal Normal, one question does remain - is the 'blowing up the mine to protect their jobs' concept a Keynesian 'broken-window-fallacy' joke? or do they (like their forefathers who also occupied the mine in 1984, 1993, and 1995) hope the Italian politicians will simply back-down, collateralize the explosives with the ECB, and bail the whole mine out.