{"id":13712,"date":"2020-09-07T09:43:41","date_gmt":"2020-09-07T08:43:41","guid":{"rendered":"https:\/\/www.worldpolicyconference.com\/?p=13712"},"modified":"2020-09-07T09:43:41","modified_gmt":"2020-09-07T08:43:41","slug":"discussion-with-bertrand-badre","status":"publish","type":"post","link":"https:\/\/www.worldpolicyconference.com\/fr\/discussion-with-bertrand-badre\/","title":{"rendered":"Discussion with Bertrand Badr\u00e9"},"content":{"rendered":"<p><\/p>\n<div class=\"article__byline\"><time class=\"\" datetime=\"2020-09-01T08:04Z\">Project Syndicate &#8211; Sep 1, 2020<\/time><\/div>\n<div><\/div>\n<div class=\"article__abs u-mt-se\" dir=\"ltr\">\n<p><em>This week,\u00a0<\/em>PS\u00a0<em>talks with Bertrand Badr\u00e9, a former managing director of the World Bank and the current CEO of Blue like an Orange Sustainable Capital.<\/em><\/p>\n<\/div>\n<div class=\"article__body article__body--interview english\" dir=\"ltr\" data-page-area=\"article-body\">\n<div class=\"question\" data-line-id=\"48b0d1e62bb64427a0dbc653fd55c522\">\n<p><em><strong>Project Syndicate:<\/strong><\/em><em>\u00a0In your\u00a0<\/em><a title=\"latest PS commentary\" href=\"https:\/\/www.project-syndicate.org\/commentary\/reforming-multilateralism-and-capitalism-for-post-covid-era-by-bertrand-badre-et-al-2020-07\"><em>latest<\/em>\u00a0PS\u00a0<em>commentary<\/em><\/a><em>, you,\u00a0<\/em><em><a title=\"Ronald Cohen\" href=\"https:\/\/www.project-syndicate.org\/columnist\/ronald-cohen-1\">Ronald Cohen<\/a><\/em><em>, and\u00a0<\/em><em><a title=\"Bruno Roche\" href=\"https:\/\/www.project-syndicate.org\/columnist\/bruno-roche\">Bruno Roche<\/a><\/em><em>\u00a0compare post-war multilateralism and financial capitalism to \u201cvarious systems of exploitation\u201d throughout history, which \u201chave built empires and amassed great wealth while performing atrociously in terms of human wellbeing and social capital.\u201d The latter systems\u2019 collapse \u201crepresented moral progress,\u201d you wrote, \u201cbecause it allowed for a new era in which human rights and shared prosperity could prevail.\u201d What makes you think capitalism can be \u201crefashioned,\u201d rather than that it will or should be replaced?<\/em><\/p>\n<\/div>\n<p data-line-id=\"b1e35df2d95b4856b5833ace1b5f041d\"><strong>Bertrand Badr\u00e9:\u00a0<\/strong>It was less a comparison than a reminder and, I hope, a wakeup call. Systems do not last forever. They evolve, collapse, get replaced. If the systems are highly unjust or exploitative, this can be a very good thing. But if they are merely flawed, there is no guarantee that what replaces them will be superior.<\/p>\n<p data-line-id=\"0492b4259a88471886fcb535e7293803\">I believe that the market economy is the best system we have found to allocate scarce resources \u2013 financial, human, social, and environmental \u2013 within constraints. So, unlike the empires to which I referred, it does not need to be fully abandoned.<\/p>\n<p data-line-id=\"ec42b46a31e14c559233ec3ceb4db2d0\">In my view, our best bet is to uphold the market economy\u2019s core principles, while addressing its constraints \u2013 market expectations (such as from consumers, investors, or workers) on the one hand, and regulations and citizen expectations on the other \u2013 so that it tackles issues like inequality and climate change. If we fail, another system could arise to replace the market economy, and it could leave us worse off. [&#8230;]<\/p>\n<p data-line-id=\"ec42b46a31e14c559233ec3ceb4db2d0\"><a href=\"https:\/\/www.project-syndicate.org\/say-more\/an-interview-with-bertrand-badre?referral=977eeb&amp;barrier=accesspaylog\">Read the full article on Project Syndicate&rsquo;s website.<\/a><\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Project Syndicate &#8211; Sep 1, 2020 This week,\u00a0PS\u00a0talks with Bertrand Badr\u00e9, a former managing director of the World Bank and the current CEO of Blue like an Orange Sustainable Capital.<\/p>\n","protected":false},"author":3,"featured_media":13713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-13712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-room"],"_links":{"self":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/13712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/comments?post=13712"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/posts\/13712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media\/13713"}],"wp:attachment":[{"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/media?parent=13712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/categories?post=13712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpolicyconference.com\/fr\/wp-json\/wp\/v2\/tags?post=13712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}