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Yves Bonzon (Julius Baer): “Neoliberalism Is over; We Are in the Era of State Capitalism”

Summary by El Pais
Yves Bonzon (Lausana, Switzerland, 60) considers himself a “dinosaur” of the markets. He began his career shortly before the crack of Wall Street in 1987 and now claims to have attended the end of the neoliberal stage that began in those eighties. Markets, he argues in a discourse both deep and wide-angle, need another software to operate in this world, because the one we have known will not return. A paradigm shift that overlaps with another re…

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Lean Left

Yves Bonzon (Lausana, Switzerland, 60) considers himself a “dinosaur” of the markets. He began his career shortly before the crack of Wall Street in 1987 and now claims to have attended the end of the neoliberal stage that began in those eighties. Markets, he argues in a discourse both deep and wide-angle, need another software to operate in this world, because the one we have known will not return. A paradigm shift that overlaps with another re…

·Spain
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El Pais broke the news in Spain on Monday, February 23, 2026.
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