Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-123"
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"en.20091214.16.1-123"2
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"Mr President, on 5 December, Maurice Allais, the economist and Nobel prizewinner, said that the true origin of the crisis lay with the World Trade Organisation and that reform was required as a matter of urgency, his analysis being that current mass unemployment was due to the wholesale liberalisation of trade – a liberalisation which benefits only the rich.
Deaf to the suffering of the people, the WTO, the G20 and the Commission persist, just to please international finance and the large capitalist multinationals, in wanting to complete the Doha Round at any price and in declaring an absurd war on protectionism. In order to achieve this, they do not hesitate to falsify economic history, by ascribing the crisis of 1929 and the Second World War to protectionism. They take disgraceful cynicism to the furthest degree, claiming to be doing this in the interests of the poorest countries.
As Maurice Allais and clear-headed economists show, the total liberalisation of trade causes competition that pits everyone against everyone else as well as relocations, giving rise to pay restrictions, mass unemployment, and thus a crisis in our economies. If we do not react, universal free trade will end up ruining our civilisation much more quickly than global warming.
It is urgent and essential for us to embark on a path of moderate protectionism, which is reasonable, socially just and equitable, representing a mutually advantageous cooperation for different peoples and continents."@en1
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