State of Change: Global Turmoil and Government Reinvention

I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable. Our problem is to work out a social organisation which shall be as efficient as possible without offending our notions of a satisfactory way of life. -John Maynard Keynes, The End of Laissez-Faire, 1926 The all-powerful market which is always right is finished....We have to have a new balance between the state and the market. -French president Nicolas Sarkozy, 2008.