Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-357-250"
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"en.20110706.18.3-357-250"2
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"The report on the economic crisis in the EU makes an agonising attempt to conceal the fact that this is a capitalist crisis caused by an over-accumulation of capital which cannot be invested by the monopolies at the high rate of return inherent in the capitalist method of production. That is why it attempts to attribute the crisis to speculation (as if that were not a structural component of capitalism itself), to credit rating agencies, to ‘irresponsible lending practices’, in other words, to secondary aspects of the capitalist economy, in order to acquit the capitalist system and ignore the fact that it is rotten to the core. The solutions proposed by the political representatives of the monopolies revolve around the central strategic objective of the EU and the bourgeois governments: to safeguard and maximise the profitability of capital, reduce the price of labour to the absolute minimum, demolish any labour and social rights of the working classes and strengthen the position of the euro-unifying monopolies in global competition between the imperialists.
The report supports all the barbaric, anti-grassroots measures promoted by the EU and the governments of capital to shift the entire burden of the crisis on to the workers. The capitalist restructurings at the epicentre of their action will be unable to prevent the next crisis that will break faster than they anticipate. Capitalism brooks no remedy, nor can it acquire a ‘human face’"@en1
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