Marc Fleurbaey weighs up capitalism and democracy

Author of 'Capitalism or Democracy? The 21st century alternative', the French economist Marc Fleurbaey explains in an interview conducted by Dominique Berns why it is difficult to reconcile the two concepts. "Although I consider that the market economy is where our future lies because it is the most efficient as well as the fairest in some respects - particularly as a means of promoting the autonomy of individuals -, I also feel that its current form is not destined to last. Why? Because there is an incredible gap between our culture, steeped as it is in democratic values, and the way that economy continues to work in a very undemocratic manner in general as much as within individual companies. ... There is a gap, as everyone concedes, between democracy's arena, whether political or social, and the field of action where economic operators and particularly investors work, which goes well beyond the level of Nation States and dialogue with social partners."

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