Report
Patrick Artus

Why does a liberal not like contemporary capitalism?

Contemporary capitalism is often called “neoliberal”. Yet, normally, a liberal does not like the characteristics of contemporary capitalism. This is because: It is based on rents (monopoly rents, monetary rents, inheritance rents); It does not correct (does not internalise) externalities linked to the behaviour of economic agents (redundancies, offshoring, CO 2 emissions). The desired reform of contemporary capitalism can therefore be a liberal reform, since a liberal normally hates rents and wants to internalise externalities.
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Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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