Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-05-11-Speech-3-550-000"
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"en.20160511.26.3-550-000"2
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"Madam President, we need to talk first of all about what we mean by sustainability. In my book, it is something which is capable of lasting, therefore the issue of ecological transition that was raised by our committee president is extremely important in this; otherwise, we basically use up what we need to sustain ourselves.
I think we also need to be questioning whether the goal is growth or whether growth is a mechanism for something else. What we are really talking about here is decent life on a finite planet, so we need to consider how we are going to do that. We heard from the Commission that the investment plan is going to reach all walks of life. I would like to ask: how do we know that this is going to happen? How is this going to be directed? How is this going to be measured?
I represent London – not the City, the financial part, but London as a whole – which is a city of massive inequality. One in five earns less than the necessary living wage to live in London, 50% of the self-employed are low paid, we have an enormous wealth concentration at the top, and the bottom 10% are basically in a debt economy. The OECD talks about wealth concentration as being a barrier to investment. So how can the European Union take steps on the issues about reducing the inequalities, not only by raising the bottom end, but also by reigning in the massive growth that is happening at the top end for the few?"@en1
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