I think it is probably fairly accurate, and the article doesn't even mention the extraction industries that mine the iron for steel or rubber for tires and that sometimes these companies are subsidized by the government, or that we pay in the end for the environmental damage caused by the mining, etc.
Gary
he who throws mud loses ground -- this tiny ad is sitting on a lot of mud:
17 podcast review of Gaia's Garden by Toby Hemenway