Both Italy and Europe need a Rooseveltian New Deal

Posted on Posted in Current domestic policy, Current foreign policy, Uncategorized

It seems clear that the Western world is experiencing an undemocratic involution, in which the institutions responsible for protecting citizens’ rights and interests appear subordinate to a post-democratic and neo-aristocratic ideology: the so-called Neo-liberialism. By definition, Neo-liberalism is a dogmatic economic model revolving around the supposedly absolute science of economics, to which politicians must bow without discussion.

Many politicians, and also ordinary citizens (the true and only holders of democratic sovereignty), do not have the necessary tools to understand that Neo-liberalism is only one among other possible economic models. Neo-liberalism nurtures a notion of the economy and society that, in recent decades, has:

1) handed most of the wealth to of a few elite groups;
2) increased inequality at every level of society;
3) paralysed both social mobility and social justice, stating that the Welfare State, originated in the aftermath of World War II, has been a costly privilege that must be handed over to the history books at all costs.

The Roosevelt Movement believes that an authentically liberal democracy – attentive to social issues – of course needs a free market, freedom of trade, freedom of enterprise and freedom of finance in seeking legitimate private profit; but, we think that all of the above can only succeed – and not precede – the following ‘democratic ingredients’:

1) the pivotal balancing role of public institutions (legitimised and not inhibited to significantly invest resources in order to provide full employment to all citizens) as opposed to the catallactic game of private investors;
2) economic dignity for all citizens;
3) a dynamic social mobility;
4) the presence of a robust Welfare State;
5) the pre-eminence of politics over ‘fundamentalist marketism’;
6) the importance of the ‘real and industrial economy’ over any financial speculation.

The neo-liberal ‘Econocracy’ appears incompatible with all of the aforementioned democratic points.

This is why our aim is to bring together in London – for a historical debate, which will resonate internationally – some of the most distinguished Italian economists, politicians and politologists, committed to promoting a new, post-keynesian and exquisitely democratic type of capitalism opposing the dogmatic neo-liberal ideology.

We believe that in Europe – and particularly in Italy – the right thrust to change the current political-economic model, that will have the potential to spread globally, can be initiated.

The panellists of our debate taking place on Saturday 30th March at Fylvie Hall (University of Westminster, Regent Campus) will be: Ilaria Bifarini, Danilo Broggi, Pino Cabras, Nino Galloni, Guido Grossi, Egidio Rangone, Antonio Maria Rinaldi, Gioele Magaldi, Marco Moiso, Andrea Pisauro, Patrizia Scanu, Giovanni Smaldone and Fabio Zoffi.

A Q&A session with the public will follow, so people are invited to attend with lots of questions to ask!

On 30th March, you will witness the start of a new era. The dawn of a 21st century Rooseveltian New Deal is upon us.

To purchase tickets, please click on the following link:

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