Nigel Farage: The Flawed Thinking That the State Can Create Wealth

description:

Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the 'Europe of Freedom and Democracy' (EFD) Group in the European Parliament - http://nigelfaragemep.co.uk

Debate: Preparations for the European Council meeting (22-23 November 2012) with particular reference to the Multiannual Financial Framework Council and Commission statements [2012/2781(RSP)]

video source from Video: EbS (European Parliament), copied from UKIPmeps YouTube channel

(see video at the bottom of transcript)

transcript:

Nigel Farage:
What we've seen this morning from the Commission and Parliament is a passionate defence of high salaries, index-linked pensions, chauffeur-driven cars and a lifestyle none of you would actually enjoy out there in the real competitive world.

It's the status quo convincing itself that it is doing a good job despite the fact that the public increasingly doubt you.

I would remind you that every time that taxpayers' money is thrown at common European projects the results are less than a success: the Common Fisheries Policy and its environmental degradation and now of course the Euro - and not just an economic, but a social disaster that is engulfing the Mediterranean.

And it's all based on a flawed thinking that the State if it has power and money, can create wealth.

The dead hand of bureaucracy is destroying innovation and destroying jobs in Europe. National democracy and free markets would be a much better model.