More and more economists around the world are searching for innovative concepts to make economic and societal trends more sustainable. To promote such work, bringing them to Berlin and exploring their real value, is one of the main goals of this Forum. Modern democracies today are confronted with a deep crisis of confidence that three decades of poorly managed globalization and exaggerated faith in the efficiency of markets have contributed to. While markets may produce huge benefits, an all too orthodox belief in their merits has left behind a raft of challenges that now threaten to overwhelm our societies. These include inequality, climate change, financial instability, decaying infrastructure, and a backlash against globalization reflected in a widespread popular feeling of lost control over politics as well as individual destiny. To solve this crisis and prevent populists from filling the vacuum, governments need more than just answers to specific policy challenges. If we are to restore the credibility of our democracies, a new narrative and policy framework is required that recognizes the limitations of markets, lays out a more innovative role for the state and broadens our view of what comprises economic success. To regain confidence in the future, people must believe that policy-makers are driven by a vision of society in which the fruits of economic activity are shared broadly and where people exercise real control. Read the full Article "What is the Forum New Economy": https://newforum.org/en/new-paradigm/what-is-the-forum-new-economy/