Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-20-Speech-4-149"
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"en.20081120.23.4-149"2
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".
The report reveals the full extent of the deeply anti-grassroots aspirations of the EU and euro-unifying capital in terms of abolishing social insurance systems. It terrifyingly parades the pretext of demographic decline in the EU to propose an increase in the retirement age and the application of the 'three pillar' system, namely:
poverty-level pensions from the national social security systems;
the expansion of 'occupational' pension funds which provide a contribution-based pension;
recourse by workers to private insurance ('individualisation' in the euro-unifying terminology), the so-called 'third pillar'.
It thereby paves a very broad way for the monopoly insurance companies to increase their profits by entering yet another profitable sector.
This attack forms part of a bundle of EU anti-labour measures, such as the general application of 'flexicurity', the 'readjustment (that is, abolition) of labour legislation, the institutionalisation of 'slavetrading' employment agencies, the directive introducing inactive working time with a 65-hour week and the arrangement of working time on an annual basis.
The working class must reply to the increasingly savage attack by euro-unifying capital with a counter-attack, by setting up an anti-monopoly alliance which will claim its grassroots power and lay the foundations for the satisfaction of grassroots needs and grassroots prosperity."@en1
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