Para una política económica democrática

In: Atlántida: revista canaria de ciencias sociales, Heft 14, S. 23-44

Abstract

Many Western citizens feel disenchanted with the economic policy that has been practiced in recent decades. Not only have they not helped to solve their daily problems, but they have aggravated them, increasing inequality, the lack of good jobs and the absence of opportunities. The consequence is that capitalism has stopped working for the benefit of all. This essay analyzes the causes of this derailment of capitalism. The need to build a new social contract for a more effective and equitable democratic economic policy in its results is sustained. The polycrisis we are experiencing opens a window of opportunity for that social contract. It is concluded that when economists offer policies to improve things they should pay more attention to political consent.