More accurately, international miners hosted by Australia are ripping Australia off and their own shareholders and our gov is allowing it to happen spouting their free market baloney.
As an example.. If a large supermarket chain opens opposite an independent supermarket and drops it's prices to a point where it is only just making margin in order to destroy the smaller supermarket that hasn't got enough capital to continually run at a loss, does anyone in their right mind think this is fair?? It doesn't create competition, it removes and destroys competition. Same story with IO. And our governments key election promise that got them voted in was to fix the budget, hilarious.
"The current account deficit, seasonally adjusted, rose $502m (5%) to $10,741m in the March quarter 2015. The deficit on the balance of goods and services rose $994m (37%) to $3,701m in the March quarter 2015. The primary income deficit fell $434m (6%) to $6,525m."
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