Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-076"
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"en.20100308.14.1-076"2
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"Mr President, global capitalism moves people around the world – some legally, some illegally – as though they were simply expendable facts of production.
It moves goods and even services around the world in a bid to undercut the prices of its latest victim, closing factories, farms and offices and throwing workers on the scrapheap.
It moves money around the world, closing workplaces in Europe and the developed world and opening them in places where wage rates are a fraction of the cost.
The European Union’s embrace of global capitalism is an embrace that will smother us all. Whenever there is an economic crisis, politicians line up to denounce protectionism. However, it is only protectionism that will enable us to rebuild our manufacturing bases and guarantee our peoples their livelihoods. Economies exist, or should exist, to serve our peoples. We do not exist to serve economic forces.
There is no way in which Europe can compete with the Third World without becoming part of it, and it is happening already."@en1
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