Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-12-12-Speech-4-206-000"
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"en.20131212.41.4-206-000"2
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"Mr President, a century and a half has passed since the French writer Frédéric Bastiat destroyed the notion of state-funded jobs with his unseen and seen costs thought experiment. He pointed out that we could pay people to go around smashing windows, and on paper that would create lots of jobs – for the people to clear up the glass and the glaziers to replace it and so on. But of course, what we would not see are the costs being taken out of the economy: the extra insurance, the costs that would have to be passed to the customers, the people who were not able to take space in the vans because they were all filled with glass, and so on.
This is a precise analogy to the debate that we are now having about green growth and green jobs. We are still talking about taking money out of the market and redirecting it, by state fiat, in order to do something that there is no natural market for. There may be some ecological argument for doing it – we can argue about that – but, when you hear people trying to defend this state-funded alternative energy in terms of jobs and growth, you know that they have no arguments left."@en1
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