Just a reminder to allay possible concerns-under e
Post# of 8054
Just a reminder to allay possible concerns-under extended post feudal principals of Magna Carta western governments are based on the recognition and enforcement of private property rights for individuals and corporations-no rights -no investment.
This means that 1)once a govt has issued a concession 2) and a company has expended funds in reliance on such issuance 3) and the company complies with environmental and tax laws, 4)under principals of equity and law the govt cannot deny a permit
I'm not familiar w the companies who were denied a permit-I see some of them advertising their ore for sale on alibaba type yellow page sites-so some of them may be the illegal mines all the new red tape since March 2011 is designed to catch and stop.
Imo such red tape merely frustrates legitimate commerce while having minimal impact on illegal mines. Criminals and cartels are not persuaded by red tape-they only respond to boots on the ground- but the central govt does not effectively control the south mainland wild west regions w hostile to the central govt populations that are the problem. So why the govt does not recognize its own geography in applying such red tape overbroad to the entire country is beyond me-in so doing they are harming their own economies. They could always focus on buying their own ore rather than importing it,which would solve 2 problems with one stone.
India,in Supreme court decisions blocking exports, is somewhat different, as it has mixed traditions-eastern civilizations dont have such a long history of private property rights or a magna carta-and I saw articles contradicting posted articles re such Indian export restrictions yesterday-I guess that should not be surprising in a crazy world-I'm not on the Indian Supreme court.