Macron's loud statement: capitalism went crazy and degraded

Recently we Reportedthat the US president, Donald Trump, agreed with the proposal by French President Emmanuel Macron to invite Russian President Vladimir Putin to the G7 Summit in 2020. And now, Agence France-Presse (AFP) informs that Macron has made a number of high-profile statements. According to the French president, "capitalism (in its current form - ed.) Has degraded and gone crazy", in addition, he called for reform of the system of international relations.

It should be noted that in the period from August 24-26, 2019, in the city of Biarritz (France), the next summit (meeting) of the G7 countries is held. Therefore, on the eve (August 23, 2019), Macron, as the receiving party, voiced the most pressing issues at the Champs Elysees at a meeting with business representatives. He wants that after the specified meeting of G7, a discussion of the mentioned problems at various levels will begin.

Following the G7 summit, I consider it necessary to continue to put forward at the French and European levels, as well as at the level of international coalitions, an initiative to review our international system. It is imperative that both enterprises and firms, as well as international organizations, join their work, the functioning of which should be reviewed in mutual coordination.

said Macron.

Macron said that these issues will be raised at the summit itself. The French leader stressed that the model that has yet to be developed will by no means mean the termination of the system of market relations.

However, one cannot fail to admit that this model rusted as a result of the fact that the system of democracy itself degraded. And also because capitalism itself has degraded and gone crazy - since we ourselves generate the manifestations of inequality, which we are then unable to resolve.

- specified Macron.

According to AFP, during the meeting at the Champs Elysees, an agreement was reached to create a coalition of businessmen and companies that would advocate for inclusive development and reducing the negative impact of their activities in various fields.
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  1. beeper Offline beeper
    beeper 24 August 2019 15: 31
    Roughly, contextually, I think I guess about the author's meaning of the "translated" expression "inclusive development"?
    But, probably, not only I would like (after all, we all read this on the Russian site ?!) explanations of the meaning of such "imported word usage" with generally understandable Russian words ??!
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 24 August 2019 15: 56
      In vain do you think that Macron himself understands what he is talking about. "Inclusive development" is a very interesting term. I would very much like Mr. Macron to explain what he means by this term.
      As far as I heard - inclusive development is the Chinese way of economic development. Now India is trying to stand on it ...
      1. beeper Offline beeper
        beeper 24 August 2019 19: 25
        Thanks for the clarification, dear Bakht! I then thought that the flaw of the Google translator and our journalist, but it’s there - the newfangled "term" went on a spree in Europe ?!
        Perhaps some kind of "southern nostalgia" made Macron so "inspired"? winked
        1. Bakht Offline Bakht
          Bakht (Bakhtiyar) 24 August 2019 21: 07
          Nothing to thank for. All you need is on the Internet.
          I have already said that this is a systemic crisis of capitalism. The system is over. We need a new strategy and a new concept. Her irrevocability was spoken about in Davos last year.

          Inclusive economics and social responsibility in the regions of the world: a dilemma or social consensus

          Inclusive economy and social responsibility in the regions of the world: dilemma or public consent

          But the fact is that China took it into service 10 years ago. The program is designed until 2050.

          According to the 2017 Central Intelligence Agency, in China only 3,3% of the population lives below the poverty line, that is, they have an income of less than $ 1,9 / day. In 1990, this indicator was 66,6%, and in 2010 - 11,2%, in 2013 - 6,5%.
          Over the past 10 years, the Chinese economy has slowed down, which is due to a reorientation to stimulate domestic demand. The average annual growth rate of real GDP is 8,4%, and per capita GDP has grown from $ 3010,9 in 2006 to $ 6772,6 in 2016.

          Macron can only repeat -

          A ghost roams Europe - the ghost of communism

          But a pure liberal model cannot achieve this. The West is developing according to a different model.
  2. mister-red Offline mister-red
    mister-red 25 August 2019 10: 44
    Quote: Bakht
    According to the 2017 Central Intelligence Agency, in China only 3,3% of the population lives below the poverty line, that is, they have an income of less than $ 1,9 / day.

    An interesting poverty line. That is, with an income of $ 60 they are no longer poor, but wealthy people.
    As far as I remember, for example, the World Bank estimates the income poverty rate of less than $ 5,5 per day. And this is most likely true.
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 25 August 2019 11: 06
      The World Bank as a threshold of absolute poverty sets the existence of less than 1,25 US dollars per day (the rate is calculated at PPP). In 2015, the World Bank raised its poverty line to $ 1,9 per day.

      The concept of poverty is a relative thing. Therefore, the calculation is carried out at PPP (purchasing power parity) - 1 dollar in the United States and 1 dollar in Afghanistan have different purchasing power. But this applies to absolute poverty.

      The paradox of Russia lies in

      Professor Natalya Tikhonova notes that in Russia, "as never before, the poverty of working citizens is great."

      According to some reports, up to 25% of the population can be classified as poor in the Russian Federation. Some sociologists call the figure at 39%. Without going into the intricacies of counting - the paradox is that the WORKING person can be classified as poor.
  3. Bakht Offline Bakht
    Bakht (Bakhtiyar) 25 August 2019 11: 27
    Returning to the topic of the article. The transformation of the model of capitalism (extracting maximum profit) into a model of social development indicates a crisis at the very foundation of capitalism. And the very term "social development" is already a sign of a welfare state. But not capitalist. For example, deforestation in Russia and the sale of round timber abroad is pure capitalism (making a profit). Shallowing of rivers, fires, violation of ecology "effective managers" are not interested. The ban on deforestation and the preservation of the taiga ecology will be a sign of a welfare state. Where profit is not fundamental.
    According to the UN, up to half of the world's population do not have access to the basic elements of life support (water, electricity, transport, medicine). This is, according to some positions, from 3 to 4 billion people. Involving them in the consumption process, that is, ensuring their purchasing power, is the basis of "inclusive development". China has been moving in this direction for ten years. Inclusive development, that is, betting on the purchasing power of the population INSIDE the country, makes it more sustainable and ensures economic growth.
    So Comrade Macron should work out the basic concepts well and clearly say what he wants. Although he already said the letter "A":

    Capitalism is crazy!