As long as an economy suffers from structural underemployment, public over-indebtedness, and widening labor income inequality—even if only one of these ills persists—systemic reforms are necessary. When well-designed, these reforms gradually form a coherent framework that restores health to economic growth, competition, the methods and level of public taxation, shareholder structures, wage systems, pensions, privatizations, and the societal provisioning of social welfare services as collective economic securities (a function misleadingly labeled as "social" as if to conceal its true nature as a form of collective capital management).
The growth in question is that of the power of exchange and economic transfers of individuals. Its definitive raison d'être is to increase the of services and goods, resulting from sales on the one hand, and of a public nature on the other. To think of such growth according to a contrary model is socially and ecologically absurd. The desire to reduce inequalities in no way exempts us from having to first contribute to managing the mechanics of inequality. by first, linking development and growth to savings in capital, and second, to link growth to . . . to ensure that no direction or disposition contravenes that course of action. At the level of a nation or a group of nations or of many other geographical areas, an economic policy concentrates the public authorities and private initiatives on the essentials in this area only if it stipulates by which actions the incessant revival of growth must be ensured – by what permanent actions, therefore105.
A regenerative therapy can be administered, but in contrast to two atavisms, one statist, the other employer, with the keys to blocking and unblocking systemic economic transformations spread over these camps, which in many countries are encroaching a lot. As long as the statists and the employers oppose it by tacit agreement, the full shareholder exchange, in other words the complete shareholder exchange, will not come into force.
The repeal of complete wage exchange is part of the regenerative therapy that helps to free up public over-indebtedness. Here again, as long as by tacit agreement between the employers, the employees' unions and the public authorities oppose it, however statism, and whatever the reluctance of the public authorities and the employees' unions on this point, the complete wage exchange, in other words the complete wage exchangeWages_Entiers, will not be implemented either.