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Víctor Pou, Professor, IESE, University of Navarra

An unsustainable law

Fri, 11 Dec 2009 14:42:13 +0000 Published in La Vanguardia (Barcelona)

The Sustainable Economics Law recently adopted by the committee of Ministers does not hold up because it does not convince the business, academic and political world, for several reasons.

The first one is because of his adanism, which is not surprising if we remember the words that Felipe González dedicated to Zapatero, in some conference held recently in Sant Benet de Bages: "Zapatero is an adanist and an unrepentant optimist". Adanism can be defined as the mania of thinking that everything is done for the first time, ignoring previous achievements in the subject. The second reason is the abuse in the use of words that are fashionable or sell well -such as sustainability-, which, in the end, may end up meaning little more than a toast to the sun in the political speech .

The third reason is the obsession with trying to provide an optimistic framework to staff, following once again George Lakoff's thesis so much appreciated by the Government, although without any real basis. Thus, it is not surprising that many feel deceived and openly denounce it, such as Pimec, for the continued malfunctioning of credit , or Amec, for not seeing an increase in the resources allocated to the internationalization of the companies. The last reason is that it is very difficult to give Zapatero an additional margin of credibility, when at the dawn of the crisis he denied its existence for electoral reasons (and it was not only a great crisis, but much more than that, since it entailed the need to change the productive model ), then he minimized its importance or gave others the responsibility of having caused it, then he adopted a series of ill-advised measures (such as Plan E) and, finally, he tells us that we are coming out of the crisis and proposes a change of model by law.

The Government should put aside the fuss and do its part: firstly, adopt the structural reforms that our Economics desperately needs and which are strongly recommended by institutions such as the European Commission, the IMF or the Bank of Spain and, secondly, recognize that the change of model must essentially be undertaken by civil society and not by law. The necessary new areas of activity must come from the social base, from the bottom up and not the other way around. This change must be made possible from the top down.