Capitalism without Conscience

Michel Santi is a French-Swiss economist who advises central banks and international institutions. He was formerly head of the trading floor at several Swiss banks and managed his own investment management firm in Geneva.

• A Sisyphus Myth for Modern Times – Money: Monopoly of the State and the Solution to the Crisis – Public Deficits: A Stick Shift to Revive Economic Activity – Cleaning up the Financial System: A Prerequisite to Reducing Deficits – Spend more to Earn more – Deficits Created by Under-exploited Resources – Public Deficits and Redistribution of Resources within Society – National Currency: The Supreme Weapon against Deficits – Currency War or Attempts at Reflation? – Public Debt: Reflection of a Sovereign Nation – Central Banks, the Ultimate Safeguards against Depression – Europe: How many Divisions? – A Mercantile Europe – An Unnecessary Crisis and Completely Avoidable in Europe – Cyprus, or the Supreme Contradictions of Neoliberalism – Is Financial Innovation a Curse? – The Moral of History or Immoral History? – God’s Work? – Who do the Rating Agencies Work for? – Neoliberalism and Alienation – The Respect of Uncertainty – Economic Science or Economic Subjectivity? – Keynesian Humility or Neoliberal Arrogance? – Financial Repression and Regulation – Inflation: Servicing Growth and Employment! – Regulation: Deconstruct and Stabilize – Redefining the State: A Lever of Public Health – Profit only for the Horizon and only for Ambition – Enshrine and Reevaluate Work – We Need to Free Sisyphus.