Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-18-Speech-2-024"

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"Mr President, once again we are debating the European Union’s competition policy. But let us stop to consider the circumstances in which this debate is taking place and the conclusions to which it should bring us. The overriding features of today’s economy are massive mergers and acquisitions involving huge companies with a market monopoly and the emergence of frighteningly powerful multinational groups. Should we not be discussing this issue? We need a competition policy which can and will introduce controls on the activities of these private-sector monopolies. Certain sectors of European industry, such as the shipbuilding industry, air transport and the steel industry, which have been hard hit by existing competition policy, have suffered tremendously. They have lost their status, and a significant slice of the world market and hundreds of thousands of workers have been made redundant. When will we debate that? The scandalous concentration of power in sectors of strategic importance is giving speculative multinational groups economies the size of entire states, and Member States of the Union at that. And yet, we keep on weakening the public sector and we are ready and willing to tighten competition policy yet further by qualifying public procurement contracts placed with public-sector corporations as state aid. At the same time, unemployment is spiralling as a result of the loss of hundreds of thousands of jobs. Workers are facing a massive attack on their employment and social rights. Consumers see their standard of living being eroded, poverty spreading and the public sector and production base in most countries in the Union being dismantled and dissolved in the name of unadulterated and catastrophic competition, in the name of the absolute market economy and the promotion of the monopolistic interests of big business. We consider the competition policy to be responsible for all this and are totally opposed to it."@en1

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