Quote from: investorpgroovy on June 26, 2019, 10:25:30 PM

Chiquita built on the infrastructure developed by United Fruit Company, famous for turning latin american countries into massive "Company Towns", which is why central American and Caribbean countries are refered to as "Banana Republics"

As someone who professionally manages international businesses with locations the 3rd world locations such as rural China, Philippines,Russia, Ukraine , Costa Rica Panama and Brazil , I can tell you that the environment for businesses in most of Latin America is in fact considered toxic, even by Chinese or Russian based international firms...

The lengths you must go to to insure success here insure that only locals , with direct connections and a superlative knowledge of the local workforce, ever have a chance of even getting started.. And even then the success rate is in the low single digit percentage rate.

Imagine managing a workforce that has a legal right to receive up to 1 years salary if they are fired for any reason after working their first day. no probationary period.. no exceptions to the rule.. unless your willing to bribe a local official to look the other way.

Edit: This is not to say that you cant run a bitcoin mine down here.. Its just a lot more difficult than other places, such as East Asia.

Socialist Venezuela has 3 month probation. Its technically impossible to fire people after that though.
Some companies go "bankrupt" every year, and a new one with the same owners open in place the next year.
Pesky employees can be made to resign with a "happy meal" bonus, which usually involves the same bonus as it if he/she was fired (back when getting fired without justification was still an option), ie: "double" pay.

But the wages are like 5 USD a month... One year you say? 60 USD :3

You are correct that connections is everything. We have hyper-inflation and hyper-corruption, know they right person connected to the "gov", and you are golden.

A good mine has very small plaintiff anyway, and remote surveillance lots of remote control, automation etc.

But i admit there are far bigger problems for concern, its not worth the risk coming to a country with "free"* electricity when it goes down every other day or so, and internet communications are worse.

* Yeah i know its not really free, but its price is so ridiculous i won't bother calculating it, just like the gasoline.

I believe it was Honduras the one originally labeled banana republic.