Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-04-Speech-4-116"
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"en.20020704.4.4-116"2
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".
One of the hallmarks of capitalism is that companies are also commodities in their own right. Large, profitable companies can buy up other companies. In some cases, a purchase of this kind takes place in order to close down this other company and take over its share of the market. It is also possible for a company to use its own profits to reduce its prices temporarily. It can subsequently elbow competitors out of the market and cause them to go bankrupt. Concentration of wealth and power is part and parcel of capitalist logic. We can therefore expect fewer and fewer large companies to survive, and those that do will become even bigger and more international. It should, in itself, not always be problematic for a company to adopt a monopoly position.
Monopolies that provide for one region, and whose selling prices, environmental policy and social policy are democratically regulated by the relevant people’s representatives and concerned citizens' organisations, can work very well. Following the American example, such monopolies are now being condemned in the EU because they harm free competition, while large, powerful concerns, on which no democratic control is possible, simply continue to grow. Twelve years of Regulation No 4064/89 have not managed to break this cycle, and neither will the forthcoming review and cooperation with national competition authorities. Despite this, I do not reject this Green Paper, because doing nothing is even worse."@en1
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