Jean-Paul Fitoussi: The Emerging Economic and Political Order - What Lies Ahead? (1/5)

The session discusses the current economic and political disorder, emphasizing the need for a new paradigm that addresses the failures of both market fundamentalism and government romanticism. It highlights the lessons from the 2008 crisis, the need for a radical reconstruction of economics and politics, and the importance of balancing capitalism and democracy. The discussion also touches on global governance challenges and the role of institutions like the G20 in shaping future economic and political orders.

What is the main issue discussed in the introduction of the session?

• The history of capitalism

• The emerging economic order

• The role of technology in economics

• The current economic and political disorder

What did the 2008 crisis demonstrate about market fundamentalism?

• It is irrelevant

• It is the only solution

• It has failed

• It is always right

What is lacking in the current global political landscape?

• Economic growth

• Global institutions of governance

• Technological advancement

• Local governance

What is the relationship between democracy and the market according to the discussion?

• They are always conflicting

• They are complementary

• They are irrelevant to each other

• They are identical

What has capitalism failed to deliver according to the discussion?

• Political stability

• Technological innovation

• Environmental protection

• Economic growth

What is a key factor differentiating democracy?

• Norms of justice

• Economic efficiency

• Military power

• Technological advancement

What is the proposed solution to avoid extreme evolution in political order?

• More economic deregulation

• Annual debates on norms of justice

• Increased military spending

• Less political participation

What is the impact of the Arabic revolution according to the discussion?

• It is a relief and a lesson for the Western world

• It is a minor event

• It has no impact

• It strengthens autocratic capitalism

What is the role of the G20 in global governance?

• It represents all countries equally

• It is a first step towards symmetry in global governance

• It has no role

• It focuses only on developed countries

What is the main challenge in the relationship between capitalism and democracy?

• Overregulation of markets

• Excessive political participation

• Imbalance and inequality

• Lack of technological innovation