Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-22-Speech-1-116"

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"en.20011022.8.1-116"2
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"Mr President, despite the flashy title of this report – ‘How the international monetary system can be made to work better’ – these insipid formulae are certainly not going to prevent future crises. The only purpose of this report is to justify an economic system which is irrational, anarchic and socially unjust. You, the defenders of capitalism, are totally incapable of regulating this economy which is based on the quest for profit and competition. Because it cannot be regulated. The only imaginable regulation is that which the most powerful impose on others, but they do so to their own benefit. The desire to democratise the IMF, which is controlled by the United States, is also ridiculous. The rapporteur recognises that the risk of financial instability is inherent to the operation of the economy. This is undoubtedly the case for your capitalist economy, but the seizure of social wealth and the means of production by a limited number of financial and industrial groups, their rivalry and their speculation, will come to an end. For future generations, the immense wastage and patent stupidity of your economy will serve as a demonstration that, in relation to the control of its collective life, humanity had not yet moved beyond barbarism."@en1

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