ABSTRACT
An economic system isn’t a simple constellation of markets whose logic can be explained by the behaviour of individual agents’ theory. It presupposes the existence of an institutional framework and a regulator power capable of arbitrating the conflicts which always manifest about the appropriation and allocation of scarce riches. According to the author, the mechanisms of regulations are today seriously prejudiced as a consequence of the new conformation that the capitalist economies have been assuming. In order to resolve the contemporary economic crisis, new forms of políticaL organization will need to be invented to conciliate the aspiration on the preservation of the cultural identity with the exigencies of the modem technology and the emersion of transnational power. However, bringing forward on this way should not deprive the auto-regulator capacity of those countries for which the internal structure’s modernization is a priority.
KEYWORDS:
Capitalist system; institutions; regulation