Martin Schulz Quotes About Capitalism
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We need a big debate in society about how we are going to shape Europe and tame capitalism. A government must provide direction and make concrete proposals. It is one of Angela Merkel's biggest failings that she doesn't do this.
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In 2003, Helmut Schmidt said: Predatory capitalism exists, we have to civilize it and we can do that via Europe. He was right. We haven't tried hard enough.
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It became obvious that we had completely failed to impose rules on unbridled speculative capitalism. That destroyed financial systems, hollowed out state systems and deeply shook German social stability. Can you recall the debate about "locust" hedge funds - even if it's a terrible term. The speculator capitalists roamed the land, stealing the substance from companies and throwing away the shells. And we were powerless.
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