Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-05-22-Speech-2-032"
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"en.20070522.6.2-032"2
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"Madam President, ladies and gentlemen, let us dare to put an end to the myth: free trade no longer reduces poverty and no longer stimulates development. The latest studies published by the World Bank evaluate the almost non-existent profits made, and of those almost non-existent profits, the bulk went to China.
If we take account of the disappearance of customs duties, the balance sheet becomes particularly negative for developing countries. Capitalist globalisation does not orchestrate competition between the large multinationals; it protects them. On the other hand, it creates a harsh form of competition between the social and fiscal systems that have been chosen democratically by the citizens of each nation. One of the consequences of free trade is, moreover, a wholesale shift of the corporate tax burden onto households. That is why the great sentences in the report about the preservation of the European social model are nothing but dramatic expressions designed to get the tears flowing. If we want to get away from this, we need to replace the principle of free trade with that of fair trade.
The fall in the dollar and the yen is bleeding industrial employment dry in the euro zone. And the report invites the Commission to…invite! Tartuffe could not have put it better! There is not a single word on the iniquitous desire to tone down the anti-dumping regulations on the pretext that they harm certain financial interests, namely European ones. Because we are here to serve Europeans and not speculative investment companies, let us choose cooperation over competitiveness, let us choose a form of rational protectionism that relies on social and ecological customs duties, and let us establish a control on exchange and movement of capital.
I firmly believe, Madam President, ladies and gentlemen, that if we persevere with this headlong flight towards free trade, the Union will go straight to the wall, with its foot down, shouting at the top of its voice!"@en1
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