16 April 2007

Rozzano-Telecom Italia: a starting point

Tomorrow at Rozzano there’ll be the shareholders meeting for Telecom Italia. Thousands of small shareholders will be there and just for once they will be able to make their voices heard. Hundreds of people will take the floor to speak and it is likely that a single day will not be enough for all the people taking part.
Tomorrow the actions will be a trial against the lack of rules that afflicts Italian capitalism and that is a barrier to investments from families who have already been “burned” by a series of scandals and losses, and from foreigners.
In fact Italy is in the bottom position for investments from abroad. The small amount that comes in is usually looking for an income from the position, small scale stuff.
An economy that in fact only protects the usual ones does not allow Italy to start to develop. In recent years we have missed many trains ranging from food, to ICT, to Chemical industry, to large scale distribution. Now we risk losing even telephony, and connectivity.
The country is always poorer and the once-upon-a-time-capitalists without capital are always richer: it’s a vicious circle that needs breaking.
I can’t officially delegate my vote to Beppe Grillo in the shareholders meeting because of the current Consob rules, but in an Ideal World I can. Go for it Grillo! Go for it as well, all the small shareholders!

Posted by Antonio Di Pietro in Economy