And the idea that only a few know is questionable

Of course, should speak of delirious social debt, insufficient retirement, overflowing public debt reform. But just a moment where the accumulation of bad news becomes unbearable. It is precisely the day where a small book written by a very young author, Sébastien Groyer (thirty years), brings a ray of hope. Even though he is titled "The crash of the public debt".

Ready to take off We are not a market crisis but a crisis of capitalism. Reasoning in historian Fernand Braudel considered that capitalism was a top layer of the market. But, in economics, capitalism is being built in opposition to the market. The market is a mechanism exchanges level powers, more efficient that the competition is intense. Capitalism is an organization where private ownership of capital gives the power to shareholders, more efficient that the competition is limited. Shareholders earn more money with a monopoly!

By nature, capitalism leads to the accumulation of profit. An unbalanced accumulation, leading to "economy of oversaving" (subtitle of the book). It is untenable. And it would have not required if it was not the State, which has continued to save capitalism from its excesses. The authorities have established antitrust laws, legalized the unions, established the social protection: measures that helped to limit the power of businesses and redistribute income. But, this time, the State will suffice, because it must cover the sea of indebtedness issued by a wild capitalism. Its finances stand not (hence the title).

How get out of this hell mechanics The Americans, to strengthen capitalism. Give more power to shareholders. For Groyer, the opposite is: Let's kill capitalism - while remaining in a market economy. The power would be too serious to be left in the hands of the only shareholders. But alternative systems are struggling to resist wear and tear of time, whether it is Mutualism (power customers) or the "cooperativism" (the power producers). Therefore, to go further, invent. Sébastien Groyer, philosopher of education, defines "liberal of the enlightenment." As the thinkers of the 18th century had known imagine a political equilibrium conditions, he intends to develop those of an economic equilibrium. A democracy of company.

All this seems well abstract Then we turn to the concrete. Groyer proposes that the Board of Directors is composed equally of representatives of the shareholders, employees and customers. More possible for example to determine a "stock dismissal" for only increase profits: clients would then require a decrease in the price. The distribution of powers and therefore revenues would be better balanced and more tenable in the long term. More responsive to their customers and their employees, companies would gain in efficiency.

The idea of a lost starry-eyed in his university studies, unaware of the life of the business You are not at all. In life, Sébastien Groyer is a venture capitalist for a Fund for investment in the Golden Triangle. It finances young shoots in technologies of information, sustainable development or the biotech. He spent much time in Board of Directors. And, as intellectual curiosity, he sometimes wondered what he would say if it was not the shareholder, but the client.

Shareholders defend. They alone know what is their property! But precisely, their property, is not so obvious. Lawyers in debate. And the idea that only a few know is questionable. It was the power of the aristocracy on people found to be unable to take important decisions. It was before the revolution. It must an induced revolution, be remembered, by public debt became unbearable.