Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-16-Speech-3-123"
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"en.20091216.10.3-123"2
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"No, global free trade is not a solution to the current crisis. On the contrary, it is one of its main causes. The Doha Round negotiations have faltered from the start and have been at a standstill for a year because of a fundamental problem, namely, the system has reached its tolerable limits for everyone – be they developed, emerging or least developed, which is the international jargon for those countries that are poverty stricken and forced to integrate into an ultra-competitive global market that swallows them up. In Europe, we live according to the paradox perpetuated by the pseudo-elites who govern us and who want us all to be rich and poor at the same time: poor, because we have to be underpaid to compete in the trade war that pits us against countries with low levels of pay, and rich, so that we can consume the cheap and often low-quality imports that are flooding our markets.
It was some decades ago that a French winner of the Nobel Prize for Economics came up with the obvious solution: free trade is possible and desirable only between countries or entities that have the same level of development. That way, it is mutually beneficial to the partners involved. For all the rest, trade must be regulated, whether the prophets of ultra-liberalism like it or not."@en1
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