EU Attacking Vale (NYSE:VALE), BHP Billiton (ASE:BHP) and Rio Tinto (ASE:RIO)?

Lobbyists in Europe are pressing the European Union to interfere in the free market practices of Vale (VALE), BHP Billiton (BHP) and Rio Tinto (RTP) by not allowing them price iron ore at market levels.

The two lobbyist organizations represent the steel industry and engineers in the region, and are identified as Eurofer and Orgalime.

Using the typical socialist and liberal line concerning the fairy tale idea of "fair prices" or in this case specifically "fair access" to iron ore at competitive prices, they are citing the bogus idea it would interfere with a sustainable economic recovery around the world.

Of course these clueless organizations claim the price increases aren't related to demand, that's an outright fabrication, as countries and companies are responding to the price increases by making deals to buy the iron ore.

Socialist Europe has to change from socialism to capitalism if they want to compete on the global level. Whining about the inability to do so does nothing to change it.

Start working hard and being innovative rather than admit through your actions you aren't as good as your competitors.