Calibrated Capitalism is a concept that stems from a drive to solve existing problems within Europe's economic system. Existing research indicates that the post-2008 economic framework is largely a remnant of the 'neoliberal' model that dates back to the Cold War. Within this framework, economic progress and human prosperity has been achieved ... to some extent. Yet there are plenty of unaddressed issues in this model, which include human rights abuses, systemic risk accumulation in banking and increasing levels of populism. 

In conclusion, the system is non-ergodic as its assumptions regarding rationality do no longer add up to the physical reality of its participants. Somewhere there is a 'blockage' within the system vis-a-vis natural law and the individual that will have to be addressed, i.e calibrated to support long-term peace and prosperity. That is the main objective of Calibrated Capitalism. This could make a difference between having a functioning EU or not having an EU anymore due to attempts by illiberal forces to dismantle it. State capture has to be taken into account more than currently is the case. 

Such distortions are problematic on several counts: i) Fueling corruption ii) Potentially causing human rights issues iii) Destabilizing the level playing field iv) Creating biases in the flow of information. In this context, a free market is understood as one with an optimal flow of information. 

Confirmation bias can always be a risk in the market. In order to maintain objectivity that is so central to a positivist approach, this concept will be based on factual research from as many relevant sources as possible. The best way to calibrate the market in the direction of natural law is by having a free flow of information, as much as possible.

Three dossiers in particular form the basis for this concept and attempt to identify failures in the existing model: The Panama Papers, Egrant Inquiry (still pending) and Parex scandal. Central to Calibrated Capitalism is the idea that the Euro should radically account for 'bounded rationality' to be a success, so that each Member State and each individual citizen can be the best version of itself.