Читать книгу Productive Economy, Contributory Economy - Genevieve Bouche - Страница 23

One of the signs of the suffering of our institutions is expressed through Solzhenitsyn syndrome.

In 1978, Solzhenitsyn alerted the West to the dangers of “legalism” that freezes life. This is at the heart of the debate between the West and China or Russia. Is it better to have an interventionist state that imposes everything, including its mistakes, or a country that promises freedom framed by endless texts, rules and norms, to the point of stifling the spirit of initiative and clogging up the administrations and courts?

The texts that regulate our lives are full of loopholes: they are sometimes written following an unfortunate event or sometimes to please a political group. They are imagined out of nothing. But each situation is unique and everything is constantly changing, at least much faster than the regulatory system can handle it. In short, they are always open to discussion and are therefore never satisfactory.

For example, the IT system of every bank in Europe is constantly evolving in order to keep up with the continuous flow of reforms, rules, recommendations and other laws to which they are subject. A bank’s IT system must be flawless. But an IT system that is constantly changing is becoming increasingly fragile. The agility of our banks is being lost in this never-ending battle.

What is happening to our banks is not a special case: all professions are affected. But this pushes us to consider another idea of the notion of bank and money and, more broadly, another idea of the tools of governance by making clever use of the potential of digital technology.

Thus, from now on, the reality to be taken into account is known, but rejected: code is law!