Polis: Revista de Stiinte Politice (Sep 2014)
The challenge of the economic crisis. Is the capitalist model the right way? (Provocarea crizei economice. Modelul capitalist este calea cea bună?)
Abstract
The current crisis is not seen as a temporary event but an extended period characterized by deep structural adjustments and changes in the economic system. This circumstance demonstrates the relative inability of the Anglo-American model to provide tools, rules and ethical values able to act as a corrective of the “pro-crisis” evolution. Among the EU countries, Germany has both continued to adopt the Anglo-American approach and empowered alternative forms of protection by converting its strenghts into a more domestic flexibility in the State intervention. These adjustments were possible thanks to a typical consultation mode experienced by the German evolutionary approach, based on a strong collaboration between firms, trade unions and policy makers as actors, and supported by a body of rules, educational system and flexible State organization. Conversely, the BRICS capitalist system, although characterized by wide differences and followers in the early stage of the capitalism experienced in America and Europe, are the most performing countries during the current crisis. The ancient countries governed by Anglo-American or Euro-German capitalist models need to be connected with the “new” capitalistic economies like BRICS; conversely, these countries need to refer to the first group in order to get a wider market for their products as well as source of innovation.
