Friday Finance

At a time when the markets seem to be betting on a V-shaped recovery, most experts are still waiting and hoping. Is the crisis really over? Or have our elites sown the seeds of a new catastrophe in the making? For the time being, many are trying to pinpoint where the blame lies. Fingers are now being pointed at economists and financiers. Beyond a debate on regulation, Jean-Luc Gréau goes much further in his criticism. For him, the betrayal of economists and elites is mainly intellectual. The current crisis is the manifestation of an exhausted conceptual model, which originated in the neo-liberal revolution of the 1980s, pushing forward the myth of the advent of a post-industrial society, centered around the hyper-consumer... Challenging the financing of the economy by the stock market and financial markets, accused of predatory logic, promoting national ideas without automatic alignment with international standards, favoring "small is good", seeking out the hidden realities in the real economy (deregulation doesn't guarantee competition, and financial markets don't care about that...), defending the interests and values of local communities.), and defending Europe's interests and values - these are all rather provocative positions defended by Jean-Luc Gréau, with a focus on the Scandinavian model of society, which departs from the neo-liberal model. Jean-Luc Gréau, economist and consultant, former chief economist at MEDEF, is also the author of L'avenir du capitalisme (2005), which predicted the current crisis. In his new book, "La trahison des économistes", he questions the justification for opening up world trade, the role of finance and the associated risks of predation, and the relevance of organizing a society based on hyper-consumption and credit...