Tuesday, November 06, 2007

Jamaica Stops Scrap Metal Exports

Metal thievery in Jamaica is so bad, the government has temporarily halted exports pending new legislation. In an economy on the decline, it will inevitably begin to cannibalize itself. Editorials have hailed the decision, citing anecdotes of even new cars being stolen only for the recyclable metal. That the metal in a new car is worth more than even a black or gray market in Jamaica can support, is a disturbing sign of Jamaican economic health.

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