“We must accept finite disappointment, but must never lose infinite hope.” – Martin Luther King Jr.
In my book, Le testament d’un économiste désabusé [Testament of a disillusioned economist], that is in fact a glossary of economies in crisis, you will not find under the letter C the term ‘Coronavirus’, nor the economic and social consequences of this health crisis or of its management by our authorities. While this ‘testament’…
The comparison between the Covid-19-stamped economic crisis and the 2007-2008 crisis is fascinating. Do you remember: at the time, the real economy was suffering the direct consequences of an overindebted banking system that made heavy use of leverage. Faced with this existential threat, the response was rather classic, in that it consisted of creating…
It is the efforts made towards China by what is called the global community that allowed the country, over a few decades, to successfully implement its reforms. The normalisation of relations between the US and China, inaugurated in 1979 by President Carter, was in fact the starting point of an open relationship of reformatory…
Michel Santi, Michel, I have known you for a long time. You are a financier, an economist, an entrepreneur,a visionary. I always thought you were an unconventional and fascinating person. Despite not understanding much, I always felt a different voice in you, as show your eight publications, seven of which on economics and finance,…
Thanks to this crisis, our duty is to rebuild society on a solid basis, as well as making deep reforms to financial markets and getting rid once and for all of their intrinsic ability to cause harm. Because, once again and in quite the same vein, the economic and financial crash that is unfolding…