"We must seize the 'opportunity' of the Covid to change" the economic system

INTERVIEW

Will the current economic system survive the coronavirus?

Weakened on all sides by the coronavirus pandemic, the world economy continues to suffer, from Europe to the United States via China.

Bertrand Badré, a renowned businessman close to Emmanuel Macron, pleads for an overhaul of the capitalist system in a book entitled

.

"We must seize the opportunity of the Covid, in quotes, to change what can be changed. From the moment we invest billions and billions, we must put them in the right direction," he said. - he insisted Thursday evening on Europe 1.

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"We ruined the previous crisis"

The director of the investment company Blue Like an Orange pointed out the flaws in the current system, inherited according to him from mismanagement of the previous economic crisis between 2008 and 2011. "We ruined the previous crisis, the crisis financial so-called subprime and the euro. At the time we sealed off the breaches but we did not rethink the system, which was patched up and which showed its weaknesses with the Covid ", noted the financier.

Bertrand Badré claims to be a defender of capitalism.

"The reality is that we continue to live and that the system has continued to live. We put in 3-4 months what we did in 3-4 years ten years ago. The US Federal Reserve and the European Central Bank have mobilized 2,000 billion euros in three months, which they had taken three years to do in the previous cycle, "assured the former director general of the World Bank.

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"Inequalities will grow mechanically"

Bertrand Badré was also alarmed by the increase in inequalities.

"We are entering a period with very low rates. If you have a first billion, we lend you a second with zero and with which you can invest and earn even more. If you have nothing, you see the boat go by. ", he lamented.

"Inequalities will grow mechanically," he warned.