State or Market: A Choice under a Financial Crisis

Abstract

Since the birth of the economics as an independent science, the question of the state and the market is still being at the front for almost all debates around the economics requirement.For someones (like Max-Webber) the state represents an institutional company which enforces the laws by the power that it possesses, resorting to army, justice, or other organisms; by the extension of its roles looking after the well-being of the citizens, while becoming qualified welfare state very retired from the economic issues(qualified of very withdrawn Welfare state of the questions known as economic) (Emile Olivier, 1864)^[1], where Alexis de Tocqueville was one of the first to prophesy its existence, other conceive it differently.On the other side of the conception “state” Karl Marx moved with his anti-bourgeoisism ideas, from where was emanated the project of communism. Where the first step was the abolition of then private property (seen as a capitalist exploitation mean of man) and the consolidation of the proletarian dictatorship and collective ownership of the production system (whether is public or common) (pannekoek, 1947)^[2].However, neither the first nor the second of these conceptions, has been confirmed (absolutely), along the different mutations that the world knew: necessity of the market following the collapse of the USSR^[3], the intervention of the state while different global crises^[4].Thus a dilemma is hardly posed: when does it need the intervention of the state, or let the market moves.

Keywords: interventionism, financial crisis, alternation, state, market.

[1] French deputy , the first to use the expression of welfare state.

^[2] See the website : www.marxists.org

^[3] Review the notion of « economies in transition »

^[4] new-deal policy in the  1930’s, the Paulson plan  in  2008 and others.