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Intergenerational solidarity will be one of the greatest challenges facing social policy in the 21st century.

One of the still unresolved issues relating to the falling birth rate is the failure of family policy to focus on the links with the labour market.

Sustainable development is a situation in which present generations do not live at the expense of future generations.

A key factor in raising the standard of living and prosperity in Poland is effective management, both at the level of the basic units of the state – municipalities and districts – and within the enterprises themselves

A modern pension system should replace the retirement age rule with a system based on accumulated contributions. This will make the labour market more flexible and ensure that its market value is reflected more accurately.

Financial stability
is a public good
(S. Kluza 2006)

The economy is people
(S. Kluza 2006)

Competition for human capital will be both the greatest opportunity and the greatest risk for the civilisational development of nations and regions in the 21st century.

Modern states will compete internationally on the basis of the living conditions they provide for their societies

The role of the state is to ensure regulatory balance in the financial sector. Too much or too little regulation results in a slowdown in the economy or increased instability in the financial sector.

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19 November 2019

The state as owner and regulator

To have or to be? Should the modern state in the 21st century be a significant owner of companies and other resources in the economy in order to fulfil its roles towards citizens optimally? Historical experience and that of other economies show that the state is not a particularly economically efficient supervisor and performs decidedly worse under market conditions. On the other hand, the modern state has a strong regulatory function which, when properly applied, can readily protect citizens’ interests and market relations in the economy. Nor should the state own nothing at all, but this raises the question of the limits of its ownership and how oversight of those assets should be exercised.

 

What kind of state do we want? What should the role of the state in the economy be? What should the scope of state ownership be? How can the expansion of the state in the economy be halted and its role as an owner limited? How should the state exercise its ownership oversight of companies that should remain under the purview of the State Treasury?