Crisis capitalism and Economics Law: the balance in market regulation to mitigate the effects of crises in modern society

Abstract

Social and economic crises have become more and more frequent in modern society, with different causes, reasons, and consequences than in the past. These are practically inevitable situations, especially when one takes as a basis the human essence, the need for coexistence in society, and how this coexistence is, in the current capitalist world. At the same time, crises amplify these consequences and bring, within social coexistence, an environment conducive to actions and interferences that are harmful to the market and competition. This is where the importance of economic law is inserted: working the crises and their consequences on the economy in order to minimize their harmful effects to society, competition, and fundamental rights. Following this line, in a literature and legislation review, observing the exploratory descriptive method, this research aims to analyze the modern capitalist society and the performance of economic law in order to establish a balance between state regulation and self-regulation of the market to minimize the impacts of crises on social and economic relations.