The State at the service of the market economy

The globalization of the market economy has considerably transformed the importance of the role of the State in national life. The pillars of capitalism are private property, self-interest, competition, the establishment of market mechanisms and freedom of choice in consumption, production and investment, as well as the limited economic role of government. International organisations regulate markets, but they are mainly at the behest of liberalism, heterogeneous state power and international companies. The economic weight and influence of private organisations is increasing in the new digital economy, competition between national economies and beggar-thy-neighbour policies are still the order of the day. In this context, the eradication of poverty is not an objective and inequalities are considered necessary for the growth of GDP, a concept that is often misleading about the real productions of nations. However, society cannot continue to assess the status of individuals simply by reference to their "objective" utility (what are they used for?) or their income (the rich and the poor). In the context of a socially sustainable economy, today's globalisation is leading to growing inequalities and undoubtedly to revolts and violence by frustrated classes that could jeopardise world peace. States and international organisations must fight against global warming, pollution, famine, excessive poverty and the shameless destruction of natural heritage. Multinational companies, addicted to eternal greed, will never engage in this necessary process for the future of humanity. Coercive measures must then be taken and probably the unilateral application of self-interest in modern societies must be challenged.