A post-mortem of the crisis of the French welfare state; From the trap of state capitalism to lessons for Iran's economy Ranai: The basic principle is establishing real "financial discipline" in the government. Alireza Ranai, assistant professor of monetary economics at Shahid Behashti University, in an interview with Aktezana news: France's economic crisis is rooted in the inadequacy of the financing mechanisms and not in the nature of the welfare state. Extensive government obligations did not grow in relation to the real production capacity of the economy; As a result, the instability of income and accumulation of debt caused the financial structure of Paris to stand in a dead end. The shocks caused by high energy prices and the increase in military costs were not the main source of the crisis, but only played the role of aggravating factors in a fragile economic structure. France's state capitalism has suffered from internal disturbances since the last few years and the improper balance between the government and the market created the basis of this vulnerability. It is inevitable for the French government to carry out financial reforms and curb budgetary indiscipline, but the manner in which resources are allocated is of fundamental importance. The constant redirection of public loans to current welfare expenses instead of growth drivers hinders the improvement of GDP and greatly endangered the sustainability of the state's debts. Despite the partisan bipolarity, France has the necessary capacity to perform economic analysis due to its historical background in the school of regulation and structural crisis management. Welfare demands have taken root in both the left and the right, and historical experience shows that this country has retained the ability to make major decisions. The most important lesson of this crisis for Iran's economy is the avoidance of abstract versions and the need to achieve "institutional adjustment" and "real financial discipline". The idea of ​​German ultra-liberalism, based on a dynamic market and rule of law, suggests that instead of secretly borrowing from banks, the efficiency of government should be promoted. Read the full text of this conversation on Akhtaznews. Yes Instagram site.

A post-mortem of the crisis of the French welfare state; From the trap of state capitalism to lessons for Iran's economy Ranai: The basic principle is establishing real "financial discipline" in the government. Alireza Ranai, assistant professor of monetary economics at Shahid Behashti University, in an interview with Aktezana news: France's economic crisis is rooted in the inadequacy of the financing mechanisms and not in the nature of the welfare state. Extensive government obligations did not grow in relation to the real production capacity of the economy; As a result, the instability of income and accumulation of debt caused the financial structure of Paris to stand in a dead end. The shocks caused by high energy prices and the increase in military costs were not the main source of the crisis, but only played the role of aggravating factors in a fragile economic structure. France's state capitalism has suffered from internal disturbances since the last few years and the improper balance between the government and the market created the basis of this vulnerability. It is inevitable for the French government to carry out financial reforms and curb budgetary indiscipline, but the manner in which resources are allocated is of fundamental importance. The constant redirection of public loans to current welfare expenses instead of growth drivers hinders the improvement of GDP and greatly endangered the sustainability of the state's debts. Despite the partisan bipolarity, France has the necessary capacity to perform economic analysis due to its historical background in the school of regulation and structural crisis management. Welfare demands have taken root in both the left and the right, and historical experience shows that this country has retained the ability to make major decisions. The most important lesson of this crisis for Iran's economy is the avoidance of abstract versions and the need to achieve "institutional adjustment" and "real financial discipline". The idea of ​​German ultra-liberalism, based on a dynamic market and rule of law, suggests that instead of secretly borrowing from banks, the efficiency of government should be promoted. Read the full text of this conversation on Akhtaznews. Yes Instagram site.