« Quoiqu’il en coûte ? »

• Main Authors: Solène Morvant-Roux, Jean-Michel Servet, André Tiran
• Format: Article
• Language: English
• Published: Association Recherche & Régulation 2021-05-01
• Series: Revue de la Régulation
• Subjects: great lockdown; neoliberalism; monetary creation; financialized debt
• Online Access: http://journals.openedition.org/regulation/18679

The objective of this contribution is to analyze the measures already applied and those still under debate in the face of the socio-economic crisis resulting from the great lockdown. After defining the structural framework - neo-liberal hyper-financialization - within which economic policy choices have been made and will be implemented, we suggest that solutions generally asserted as breaking with the past are in fact fully dominated/framed by it. Our argument focuses on the flagship measure of public debt. We argue that these instruments of economic policy are unable to question the existing political and economic order, show a limited capacity for transformation and cannot constitute progressive alternatives to a system still dominated by economic and financial orthodoxy.