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Larry Elliott – Don’t be fooled – the EU is no defender of workers’ rights

Summary:
The European project has always made life easier for capital. That’s why multinationals like it so much I was once so passionate about Europe that I wanted the UK to join the Euro. It was all passion and no thought. Larry Elliott always argued against the Euro, and it turns out he was right. He is one of the better journalists at the Guardian.I'm still passionate about Europe, but a future more social democratic one. The truth is that social Europe never delivered all that much, even in the days when the European economy was in much better shape than it is currently. That’s because a succession of EU treaties has enshrined in law four basic freedoms for business: the right to provide services; the right to establish an enterprise; the right to move capital; and the right to move labour.

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The European project has always made life easier for capital. That’s why multinationals like it so much


I was once so passionate about Europe that I wanted the UK to join the Euro. It was all passion and no thought. Larry Elliott always argued against the Euro, and it turns out he was right. He is one of the better journalists at the Guardian.

I'm still passionate about Europe, but a future more social democratic one.

The truth is that social Europe never delivered all that much, even in the days when the European economy was in much better shape than it is currently. That’s because a succession of EU treaties has enshrined in law four basic freedoms for business: the right to provide services; the right to establish an enterprise; the right to move capital; and the right to move labour. These freedoms trump all other considerations, including the right of workers to withdraw their labour.

The Guardian 


Larry Elliott - Don’t be fooled – the EU is no defender of workers’ rights
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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