June 13, 2021

“The New Social Contract”: the company, the engine of neocapitalism

Delivered. With the pandemic, companies have found themselves at the forefront in the fight against the coronavirus. The agrifood and pharmaceutical sectors, distribution and transport reminded us of their strategic place. “This is a historic innovation of great significance. It is the first time that the power of the State has been taken over, in peacetime, by the power of companies ”, note Christian Pierret and Philippe Latorre in The New Social Contract (The Waterfront).

According to the authors, this upheaval is the founder of a new capitalism, “Just as financial but more sustainable, just as competitive but more regulated, just as focused on growth but with less difficulty of people. “ The company can be the engine of the transformation of capitalism. The work clears this original route.

When it was necessary to urgently catch up with the State’s delay in finding personal protective masks, it was the anonymous and voluntary little hands of seamstresses and clothing SMEs who manufactured the necessary devices.

Defects and ideological stiffnesses

The remarkable agility of groups of men and women succeeded in filling in a few weeks the industrial void of the sixth industrial power in the world, which has become a country of shortage of medical devices such as respirators. The French SME MakAir has thus succeeded, in one month, in bringing together public and private partners, large industrial groups, universities, two regions to design, develop and produce urgently devices to save lives.

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We must agree on the interpretation of these two examples, underline the lawyer and administrator of young innovative companies and the co-founder of a fund intended for French SMEs: it would be stupid to want to ignore the Republican history and do without of the State, public entities, public services which, in the immediate aftermath of a crisis, are essential to the normal functioning of our country.

It is not a question either of exposing private entrepreneurship which is not without flaws or ideological stiffness. “For us, it is essential to consider State and companies as two complementary poles and not, as the French tradition has established it, as two adversaries or competitors. Each entity should benefit from the operational functions of the other and their cooperation should be the rule. “

Power and capital sharing

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