A new contract between the state and the market

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There is a strong academic and political debate about the best way to implement the most adequate policies to overcome the pandemic crisis.  On the one hand, there are those who say that the state must develop a global strategy that is focused on the role of investment as a growth enabler. On the other hand, however, there are those that prefer a free-market solution that is centered on entrepreneurial participation. The crisis is increasingly becoming more complex and without any measurable results. We need, in this sense, a new contract between the state and the market to come to the right answer for a viable future.

The best solution to this global complex crisis seems to be a new kind of public policy that is centered on a new and effective partnership between all of the relevant actors – including the states, universities, companies, civil society – in order to build a real strategy of confidence when it comes to the implementation of different policies. Innovation, creativity and knowledge, as the drivers of creating added value with international dissemination, is a strategic commitment to those who have the responsibility think about producing goods and services. This must be the basis for the new contract that we need for the future.

The market plays the strongest role when we stand up for an active entrepreneurial culture and attitude. We need people to have a new challenge and people must be the platform of a more entrepreneurial society that is based on new areas of knowledge and new sectors of value. In this type of society, the keyword is ‘co-creation’. To promote a dynamic and active creation process that involves each citizen is the main challenge for the next years and people must understand the real value of its own individual contribution to the global community.

The contribution of a new and effective state is essential at the same time. It will not be possible to build the basis for a more competitive and integrative society with the capacity to provide a social and economic ecosystem that contains the right tools for cooperation and participation. The new concept of state-building would focus more on the role of strategic conditions that allow society to have the ability to implement its process of value construction.

We need the state and the market to simultaneously be the right promoters of a new culture of integration and competitive advantage construction. This is not done by law, but by a strong and progressive process of social and economic construction, where the individual has the possibility and the right to participate and give a contribution.

We believe in the state and in the market. We believe in a future in which this new contract can be the basis for a new agenda of confidence for our society.

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