Please join the Future of Diplomacy Project and the Mossavar-Rahmani Center for Business and Government's Economic Diplomacy Initiative for a conversation on "New Capitalism" with Bruno Le Maire, Minister of the Economy and Finance of France, moderated by Lawrence H. Summers, Charles W. Eliot University Professor and Director of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.
Capitalism, as an economic model, has proved to be extraordinarily successful for decades. It has taken millions of people out of poverty. It has ensured an improvement in living standards in many countries around the world. However, capitalism is no longer delivering on its promises many people feel left behind or left out.
We need to create a new and fairer capitalism. The world economy is experiencing changes which are calling capitalism as we know it into question. The rise of China with its own unique development model; the impact of digitization on all aspects of the economy such as competition, tax, and data; the impact of climate change and the transition to a greener economy; and the calling into question of multilateral rules are trends which radically changed the world after the financial crisis of 2008.
Minister Le Maire has been Minister for the Economy and Finance of France since May 2017. He was previously the Minister for Agriculture, Food, Fisheries, Rural Affairs and Spatial Planning (2009 - 2012) and the Minister of State for European Affairs (2008 - 2009). In 2005, he became an adviser to Prime Minister Dominique de Villepin and subsequently became his Chief of Staff from 2006 to 2007.
Minister Le Maire has been elected an MP for the first constituency of the Eure département which he has served from 2007 - 2009, 2012-2017, and 2017-2022. He was also elected Haute-Normandie Regional Councillor from 2010 to 2016.
Minister Le Maire is a graduate of École normale supérieure, Sciences Po Paris, and the École nationale d'administration. He has just written a new book, Le nouvel Empire, l’Europe du XXIe siècle (The New Empire, Europe of the 21st Century), on Europe at a crossroads.