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Companhia Vale Do Rio Doce, a public company founded by Getúlio Vargas, was, in the 1990s, a group of 27 companies, ranging from underground exploration to mining and ore processing, rail transport sophisticated fine chemicals. In addition, the company is characterized by many cultural, social and community projects throughout Brazil. Between 1942 and 1997, when it belonged to the Brazilian state, no environmental disaster similar to that of Mariana and Brumadinho never occurred. to a mining company. She extracts iron and other metals and sells them raw mainly to China. Vale was literally deindustrialized and turned into an economic agent of the enclave. That is, specialized in extractive activities, with few activities developing their environment. Its multiplier effect is low in terms of employment and economic dynamism. The company is nowadays specialized in digging a hole.
Vale can not cease to be a society characterized by low value-added products and harmful use for the environment if it is the property of the state and if it is related to a development project. In the private sector, it is at best better monitored But its potential for job creation and a production chain with synergies in related areas will remain weak. It is subordinated to foreign demand for minerals and point.
The privatization of Vale by FHC was an attack on the national economy. The fact that subsequent governments never questioned his sale – surrounded by denunciations of illegalities – shows how much development, the role of the state and sovereignty are difficult issues to prioritize in the national agenda.
Ah, Vale has funded these two decades hundreds of candidate campaigns for all types of elective office.
It is possible that this largely explains the current relationship between the company and the state.
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