More than 170 economists sign a forum in support of the Nupes program

Europe 1 with AFP 6:59 p.m., June 09, 2022

More than 170 economists, including Thomas Piketty, Gabriel Zucman and Jacques Généreux, have signed a platform in support of the economic program of Nupes, published Thursday on the website of

.

"For the first time in the 21st century, the left in France has come together to implement a break with neoliberalism. Turning its back on policies that increase inequalities, weaken public services and damage ecosystems, the Nupes brings to the legislative a project of social and ecological transformation", they write, at a time when the presidential camp is attacking the economic credibility of the left alliance.

An “ambitious” program

“As economists we know that this program is ambitious”, they add, but they consider it necessary “a bifurcation” in the face of a “Macronian power” which “navigates on sight” with an “unfair” strategy.

"If a Macronian majority is renewed, the next few months will be very difficult for most of the population. Conversely, a victory for Nupes would immediately bring progress", believe these economists, who also include Jézabel Couppey-Soubeyrand. , Emmanuel Saez or Lucas Chancel, citing the blocking of the prices of basic necessities, the increase in the Smic to 1,500 euros or the establishment of an autonomy allowance for young people.

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They denounce in particular the "supply policy" which leads to "an ecological disaster, a flight of the incomes of the richest due to massive tax cuts in their favor and a private economy which aspires more and more subsidies public".

"By addressing economic issues from the perspective of meeting needs, the Nupes program offers another way", they justify, defending in particular the "remobilization of public power" in respect of the environment desired by the left alliance, in full swing in the polls.

The need for greater "social justice"

The signatories also defend the desire to finance this economic program - which provides for 250 billion euros in additional spending - via greater "social justice", with "progressive taxation on income and heritage", including the restoration of the ISF and the abolition of the single flat tax on capital income.

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On the public debt, for which the Nupes plans "to obtain that the European Central Bank (ECB) transforms the part of the debt of the States which it owns into perpetual debts at zero rate" according to its program, the economists estimate that it there is no danger in the house "no offense to the conservative cassandres".

They thus support the desire of Nupes for "increased recourse to the public banking sector in order to direct the creation of money and the savings of the French people towards collective needs and to guard against the destabilizing effects of the financial markets".