The State at the service of the market economy

Jacques Fontanel ()
Additional contact information
Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]

Post-Print from HAL

Abstract: The globalization of the market economy has considerably transformed the importance of the role of the State in national life. The pillars of capitalism are private property, self-interest, competition, the establishment of market mechanisms and freedom of choice in consumption, production and investment, as well as the limited economic role of government. International organisations regulate markets, but they are mainly at the behest of liberalism, heterogeneous state power and international companies. The economic weight and influence of private organisations is increasing in the new digital economy, competition between national economies and beggar-thy-neighbour policies are still the order of the day. In this context, the eradication of poverty is not an objective and inequalities are considered necessary for the growth of GDP, a concept that is often misleading about the real productions of nations. However, society cannot continue to assess the status of individuals simply by reference to their "objective" utility (what are they used for?) or their income (the rich and the poor). In the context of a socially sustainable economy, today's globalisation is leading to growing inequalities and undoubtedly to revolts and violence by frustrated classes that could jeopardise world peace. States and international organisations must fight against global warming, pollution, famine, excessive poverty and the shameless destruction of natural heritage. Multinational companies, addicted to eternal greed, will never engage in this necessary process for the future of humanity. Coercive measures must then be taken and probably the unilateral application of self-interest in modern societies must be challenged.

Keywords: State; market economy; inequality; domination effects; globalization; poverty; concurrence; Etat; marché; inégalités; effets de domination; globalisation; pauvreté (search for similar items in EconPapers)
Date: 2017
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-03065476v1
References: Add references at CitEc
Citations:

Published in Cahiers de l'Espace Europe, 2017

Downloads: (external link)
https://hal.univ-grenoble-alpes.fr/hal-03065476v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03065476

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().