Given that Iron Ore pricing is crucial to the Commonwealth Government as well as that of WA,
is there a case for Government intervention to stabilise prices.
If we accept that the Communist Chinese Government is orchestrating Iron Ore pricing via
its central co-ordination of buying, stockpiling and sandbagging its economy as evidenced
by its upward revision of its 2013 GDP by more than 3.5%.
Free market principles are fine but when we are dealing with the Chinese command economy
which is closely controlled by its Communist Party, then perhaps we should modify our
free market principles to meet the market, which in the case of China, is far from being a free market.
Moorookamick
RIO Price at posting:
$56.59 Sentiment: None Disclosure: Not Held
