Fears and hopes: The crisis of the liberal-productivist model and its green alternative

Abstract

The present world crisis is not a mere financial crisis, but the crisis of the liberal-productivist model of development, dominant from 1980. This article analyses the crisis — an over-accumulation crisis stemming from the weakness of labour-share, combined with a double ecological crisis (food, energy/climate) — in its social and ecological dimensions, according to the concepts of regulation theory. Due to its ecological aspects, the exit from the crisis could not be a globalised reproduction of the Roosveltian New Deal. This paper proposes a ‘blueprint for a Green Deal’ to answer the challenges of the complex social, ecological and financial crisis.