Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-732-000"
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"en.20110308.30.2-732-000"2
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"The internalisation of trade and supranational corporations are some of the many aspects of globalisation. When discussing the EU’s industrial policy, we must answer the following question: what kind of industry does Europe need – a corporate, branch-driven industry, characterised by large-scale mass production, or small-scale regional industry, or maybe even national industry?
Large, supranational corporations, which can sometimes be richer than some countries, accumulate huge profits, and also taxes, including VAT, in one location, most frequently their place of origin. Apart from employment, the countries in which production takes place are left with only expenses. Fiat, for example, is a supranational corporation which generates revenues equal to 4% of Poland’s GDP in statistical terms, but its profits and the majority of its tax revenues go towards another budget.
On top of this, the company has recently transferred the production of its Panda cars to Italy, for political and national reasons, since it can certainly not be for economic reasons. A conflict of interests is apparent here. The social situation is deteriorating in Poland, but improving in Italy. Supranational corporations have already ravaged Poland, buying up industrial firms for 10% of their value after the end of the People’s Republic of Poland. The mistakes made by liberal doctrinaires, including Balcerowicz, resulted in the borders of Poland being opened up to global competition from wealthy corporations. This quickly resulted in the destruction of our industry, the closing down of competitive plants and scientific infrastructure – and huge unemployment. This is now affecting the old EU Member States, after something of a delay. A sound industrial policy is needed, but not economic nationalism."@en1
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