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Michel Rocard - Culture is part of it

Michel Rocard - Culture is part of it

I am inclined to give you a post-monetarist answer. Monetarist doctrine: the state gets in the way, we don’t need it, the market equilibrates automatically, and its equilibrium are optimal. At one condition, they made a mistake I agree, but they shaped mind-sets that still conditions the United States, Japan… Less and less the IMF, which is the first to begin to understand. And the United Kingdom, which only thinks like that. It is a lot of people. And Netherland,[...]
Michel Rocard - One of the most important industrialists in the world

Michel Rocard - One of the most important industrialists in the world

During this period, one of the most important industrialist of the world, and even the most important in quantity, is an American car manufacturer whose name is Henry Ford. He is a friend of Hitler. He is a touchy paternalistic type of man, nearly fascist. Yet, strong ethics, brilliant intelligence and conscience of the internal working of the system. Among what we inherited from this not really fancy guy, this sentence: “to work well, capitalism needs as little rules as[...]
Michel Rocard - On Public Businesses

Michel Rocard - On Public Businesses

Public good is something else. It is a priority that excludes even mentioning the unity of its growth. That wouldn’t be the case with a cooperative, with a collective and profitable purpose, but not profitable for individuals. That is a first thing. The second one is that you mixed public and private, of which I am not sure it will be permanent. I am not sure if, conceptually, it is necessary to admit that a business could be public, as[...]
Michel Rocard - We are into speculation now

Michel Rocard - We are into speculation now

In real economy, it is obvious that the financial sphere must take care of providing the whole real economy with necessary financial resources, which means administering deposits, administering takes, taking care of expenses, and ensure absolute security to deposits. That’s why I insist on getting back to Glass-Steagall. Yet we need to finance investment, let’s say, thus risk. And the problem with which the banking profession, as a profession, the economic science, as a mind discipline, are struggling, is the[...]
Michel Rocard - The membership-based business

Michel Rocard - The membership-based business

To restrain us a bit, we must say that businesses have to be sensitive to instructions given, first, by science, and, second, by public authorities, on their environment. Then comes the heart of it all, the internal relationships between all stakeholders of a same economic project of a same business. A cooperative and a benefit society are businesses. This has to be highlighted. This means that the profit goal cannot be an exclusive characteristic of the definition of what a[...]
Michel Rocard - The Three Faults of Economy

Michel Rocard - The Three Faults of Economy

In balance sheets, one only takes stocks, which may be evaluated toward currencies, into account. But pollution at outcome, resources exhaustion at entrance, and, moreover, involved evolution – I almost used the word degradation, but it is too normative – in human interactions, impacts the whole society. The problem of absolute management, of participation to decision-making, comes up in organizations as well as elsewhere, and I am not sure we have to make it a special theme in the definition of[...]