“Laisser faire is finished.” Declared by Sarkozy on 25 September 2008.
Nicolas Sarkozyborn on 28 January 1955, is the President of France and ex officio Co-Prince of Andorra. He assumed office on 16 May 2007.
Nicolas Sarkozyborn on 28 January 1955, is the President of France and ex officio Co-Prince of Andorra. He assumed office on 16 May 2007.
Nicholas Sarkozy made an important speech on 25 September 2008. He said:
The idea of an all-powerful market without any rules and any political intervention is mad. Self-regulation is finished. Laisser faire is finished. The all-powerful market that is always right is finished.
However, he also emphsised: The crisis is not a crisis of capitalism. It is the crisis of a system that is far from the values of capitalism and has betrayed capitalism. Capitalism must be refounded on the ethic of effort, hard work and fair rewards. We have to have a new balance between the state and the market.
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