Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-017-000"
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"en.20110929.3.4-017-000"2
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"Mr President, there are two problems with the European Globalisation Adjustment Fund: firstly, that it provides the European Union with a responsibility that Member States could much more appropriately fulfil themselves; and secondly, that it recognises that globalisation wreaks havoc with peoples’ livelihoods, but the EU does nothing to address the cause of the problem – which is globalisation itself.
Globalisation moves manufacturing from high labour-cost countries to low labour-cost countries, and floods the West with goods from those countries, destroying our manufacturing bases and taking the jobs of our workers. It would be very difficult to compete with low-wage economies without reducing our wage rates to the levels in those countries.
We might hope to use technology in an attempt to compete, but our technology is often exported to countries that compete with us, or is bought and copied – infringing the western manufacturers’ patent rights. The countries of Europe must individually or collectively – I would prefer individually – protect their industries and peoples from ruin and impoverishment."@en1
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