France is to step up efforts to instil moral values in the global market economy by urging policymakers to consider fresh ways of combating financial short-termism.
Nicolas Sarkozy, France’s president, and Tony Blair, the former UK prime minister, will jointly host a conference in Paris next week of political leaders and Nobel prize-winning economists to discuss ways of strengthening the ethical foundations of the capitalist system after the financial crisis.
“There is no system of wealth creation without a system of values and this value system has been badly shaken,” said Eric Besson, the French minister for policy planning, who is organising the conference.
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