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Last Monday, I took part in the Rzeczpospolita daily newspaper’s economic debate entitled ‘The end of the free market? Origins of the crisis’. Three questions were sent to the participants by the host:

Have capitalism and the free market discredited themselves?
What is the alternative to the free market? Which economic system should we choose?
Should Poland increase the involvement of the state or of the market?

I am quoting the questions here to outline the context of the debate, which revolved around the most fundamental aspects of the political system and the relationship between the state and the market. Has the global financial crisis, whose effects are still felt today, altered the laws of economics, for instance by taking interest rates, the key tool for controlling inflation, away from central banks? Those interested will find the account of the debate in the newspaper, while I would like to take this opportunity to elaborate […]

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