For example, internationally active investors are now buying into European companies, taking over vital utilities and infrastructure and securing the best fillets in the industry, and even determining the prices of goods and services. Hans-Jürgen Jakobs warns in an interview with pressetext news agency about the risks of this sell-off.
Not the superpowers, but corporations and their investors are the real threat to Europe, says Jakobs. A few oligopoly companies could set conditions in global markets, set prices and dictate labor and market conditions. The citizens of Europe would hardly know about the true balance of power. But development affects us all, it’s about taxes and income. Only if politics and citizens are well informed, the right decisions could be made. More in German on pressetext.
