The need for a "Governance" real economic

Yes, the solution is easy in theory, it is about creating a system of economic governance real, tangible and institutions developed ad hoc, to revert the perversion of the current system. I mean the economic financial s ystem, which replaced the industrial system of production of goods and services, to one that only makes money. And this is the system's central perversion: the money market itself and not as a vehicle to generate markets for goods and services, and therefore of social wealth.

Without doubt, globalization has been the catalyst needed for the financial orgy of the last decade. A "free" market operating 24 hours a day, highly technical, mathematical models that calculate the risk dispassionately, whose goal is profit for monetary gain, nothing more. Finance naked, soulless, without adding value to society, even the most recalcitrant "neocons" have dared to think such a system, at the time of the last term of Ronald Reagan in the U.S..

But the reality is stubborn, and has left us a desolate landscape, where monetary profit optimization has been carried forward to multinational giants that demonstrate this reality where nothing is created or produced, nothing remains. The large financial holding companies, have proved to be large holdings of cardboard; worse scenarios than any peplums made ​​for the years 60 and 70 Roman film series "B".

There is another, more disturbing and IMHO more worrying in the long run: the absence of a manifest capacity of global financial management of sovereign states. And I can only think of two reasons, and both are really distressing. Or, we are in a scenario in which nation-states, have no real leeway to control the markets (with the exception of fiscal policy for transactions within its territory, and this would start a long debate on the concept of "territory" in which there are large economic transactions), or this is a blatant case in the world (especially in the OECD) ineffectiveness of economic governance and control mechanisms for financial management, where undoubtedly the most remarkable case, without doubt, the U.S. stars. His policy of "laissez faire" in domestic markets and poor regulation of financial system, has a high degree of blame for what is happening.

But not only U.S.. is guilty of this, I worry more about what happens on this side of the Atlantic. We went many European citizens who note with some puzzlement the construction of the EMS (European Monetary System) in the EU. Intoxicated by the smell of the Euro, were used as the value of the ECU, we saw it as a natural extension of the future strength of the Union, building a single currency, based on the parity of the European Monetary System, with the idea of competing with the dollar in foreign markets and forgetting something basic: all monetary systems must be based on fiscal and financial policies highly harmonized. Without this premise, and despite some discordant voices critical of this possibility in the IGC which gave birth to the Euro, we have reached this point.

The point at which Europe has to face two major challenges to successfully complete the 2020 Strategy , not to see it fail, as above. A Europe that has to do with the future, and not in the short-term vision to which we have used the national policy of each state. We need to recover the visionary capacity of the founding fathers, and for that work must be done urgently. This is part of r eformular European institutional arrangements in two ways: firstly to develop a series of financial and fiscal institutions that give rise to a system of European Economic Governance, which achieves harmonization of fiscal and economic policy of the EU. It can not be sure everything is in the hands of the ECB and the Ecofin (with the national vision of each state on the table. For example, suffice Merkel government's attitude to the Greek rescue operation). On the other hand, it is time to give European citizens a greater role in deciding who should be their representatives in the EU. We give the necessary political step to achieve a balance between legitimate national interests within the EU, the need for a true political government of the EU.

It's time to give the age of majority "true" to the public. The President of the EU and a genuine EU government to be elected by direct vote of the citizenry, with the European Parliament, as guarantor of the activity of the European executive and obviously with the appropriate weight to Council When carrying out the impulse to European policies.

It is a time of political change, social change and change of territorial balance on the planet. In the next two decades will see as emerging powers will be asked to take their place in the world, and Europe must be present to lead a system of social and political organization, to make innovation and development (technological, social and political) flag on the world stage.

This is the true meaning of economic governance at a time like this, and a starting point to perform actions such as Joseph Stiglitz has proposed to the Ideas Foundation , with the implementation of national taxes and Planetary capital movements speculative interest.

It's time to rethink a new social model, a model adapted to the digital society, where citizens want more capacity for action and decision on issues that affect the future of generations to come.

So I think and work in this regard that we must promote a citizens' initiative to ask the President of the EU, as voted by direct suffrage and reformulate the Lisbon Treaty to give weight to the ability of the public policy decision . It sounds utopian, is not it, but you have to start somewhere ...