Abstract

An economic system isn’t a simple constellation of markets whose logic can be
explained by the behaviour of individual agents’ theory. It presupposes the existence of an
institutional framework and a regulator power capable of arbitrating the conflicts which
always manifest about the appropriation and allocation of scarce riches. According to the
author, the mechanisms of regulations are today seriously prejudiced as a consequence of the
new conformation that the capitalist economies have been assuming. In order to resolve the
contemporary economic crisis, new forms of políticaL organization will need to be invented
to conciliate the aspiration on the preservation of the cultural identity with the exigencies of
the modem technology and the emersion of transnational power. However, bringing forward
on this way should not deprive the auto-regulator capacity of those countries for which the
internal structure’s modernization is a priority.

JEL Classification: P16; P10.