Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-04-11-Speech-4-103"
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"en.20020411.4.4-103"2
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"The report seeks to obtain new benefits for capital, an aim which it does its best to dress up with modern justifications. It cites the supposed difficulties which start-ups have in obtaining funds, and irresponsibly proposes allowing pension funds to invest in more high-risk projects, even though a considerable amount of money has been swallowed up by the fanciful dreams of the ‘new economy’. The report calls for the removal of “the fiscal, regulatory and administrative barriers” encountered by new small companies, which – if you believe the report – are capable of closing ‘the knowledge gap between Europe and the US’ practically single-handedly. The fact that the report stresses the interdependency of risk-capital and the stock exchange shows clearly what this is all about: oiling the wheels of capitalism on the pretext of innovation, and creating a preferential status for small companies, which would allow the large groups to outsource even more of their activities, reduce their taxes and relax the few constraints that the Labour Code still places on them. For these reasons, I voted against this report."@en1
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