Reinventing rejected institutions

The COVID-19 crisis has significantly overturned the principles that governed the institutions. To their specialization one responded with versatility and multiplicity of targets. Respect for missions or functions has been replaced with pragmatism, by transgressing many taboos. Central banks reacted to the extreme events related to the pandemic, far from their mandate. Bank credit, largely guaranteed by the States, had to confront itself with the social emergency by playing a role of last resort rescue of companies. States became aware that their horizon was infinite by eluding the question of fiscal sustainability. Facing the emergency, one has changed the software: resilience towards extreme shocks, rather than short-term efficiency towards light turbulence; cooperation, rather than competition between States or between companies; solidarity between people and the social value of their survival, and not only the maximization of wealth… Is this a critical moment, the outline of new principles for action in a world after where institutions that were previously rejected institutions could find a second breath?