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Bruno Colmant: “In the market economy, there is no human project”. Towards the end of neoliberalism?

  • Post category:Economy News
  • Reading time:3 mins read

In the 4th episode of the PODCAST “Déclic – le Tournant”, we are interested in neoliberalism. At a time when many governments denounce the abuses of the energy market, some wonder if neoliberalism as embodied politically since the 1980s is not dying. So myth or reality?

Interviewed in the context of this Podcast, the economist Bruno Colmant (from the strategy firm Roland Berger) does not mince his words on certain excesses of capitalism within the framework of the market economy: “markets operate by anticipation of future wealth and therefore the market economy consists of a capitalism of aspiration for the future, unlike Rhineland capitalism (which we saw in the 1960s and 1970s) which shares with it what is We can therefore say that the market economy as promoted by neoliberalism has transformed the vector of time, which has led to an overexploitation of nature. We want immediate enjoyment, to the detriment of nature, which has not time to regenerate.”

“Neoliberalism is not interested in people”

And the one who is also a professor of Economics at UCLouvain also evokes the place of the human in this model: “As it is a capitalism of anticipation, the value of the human is its circumstantial value of the moment. There is no project for the human and therefore it is a system which leads to its exhaustion. Neoliberalism is not interested in the human, which it considers as an externality. The only limit of the human is its biological limit. And therefore it is a capitalism which is by nature unequal and which overexploits the planet”.

For Bruno Colmant who drives the point home, the model of capitalism supported by the neoliberals is incompatible with the social state. “This is what we are now seeing in Europe. The balances that were patiently built after the war are incompatible with the requirements or the intemperance of the market economy. And we didn’t realize this right away because when this neoliberalism was deployed in the 1980s, we citizens were not convinced of the effectiveness of the state”.

Find the full interview with Bruno Colmant but also the cross-views of Bertrand Henne, Kenneth Bertrams (professor of economic history at ULB) and professor of sociology of work (UCLouvain) Isabelle Ferreras in this new issue of the PODCAST “Déclic – Le Tournant”. Good listening!