Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-20-Speech-2-234"
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"en.20080520.23.2-234"2
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"Some news, although good in itself, cannot fail to give us concern as regards the consequences. That is partly the case with the increase in the price of raw materials.
The good news is that, as shown by various indices, an ever larger proportion of the world’s population is attaining levels of consumption previously unknown to them. The problem, however, lies in some of the consequences, above all the immediate consequences that such growth in consumption – and therefore in demand – might have. The laws of economics apply even in distorted markets and an increase in demand results either in an increase in supply or, as in this case, in an increase in price. That is what has happened.
The European Union should encourage a general opening up of markets, so that ever more producers are able to take advantage of the increase in demand and it should foster an increase in trade. At the same time we have a duty to provide direct support to those immediately hit by these new circumstances: those who are unable to face the increase in the price of essential goods. Market distortion rarely produces positive effects, above all in the long term, but there is nothing to stop us, quite the reverse, from providing funding for those who have less."@en1
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