La crise financi\u00e8re d\u00e9clenche \u00e9galement une sensation d’exaltation chez les plus radicaux, et une surench\u00e8re chez eux du syst\u00e8me qui en et la cause. La crise elle-m\u00eame est per\u00e7ue comme une bonne chance (comme le secr\u00e9taire au tr\u00e9sor Mellon, milliardaire US fameux, disait au pr\u00e9sident Hoover en 1931, commentant les files de ch\u00f4meurs devant les soupes populaires que la crise \u00e9tait une excellente chose pare qu’elle allait \u00e9purer le march\u00e9 du travail en nous d\u00e9barrassant des incapables et des bons \u00e0 rien). <\/p>\n<\/p>\n
\tLe commentateur Gerald Baker du Times<\/em> est de cette sorte. Pour lui, tout ce qui a \u00e9t\u00e9 d\u00e9sign\u00e9 comme les \u00e9l\u00e9ments qui provoquent et aggravent la crise doit \u00eatre au contraire applaudi, renforc\u00e9, \u00e9largi. Il est bon que, sans le moindre rapport \u00e9conomique, un d\u00e9p\u00f4t de bilan dans l’Ohio entra\u00eene une faillite \u00e0 Francfort, selon le principe de la globalisation. Tout le monde devient solidaire, ou encha\u00een\u00e9 c’est selon. C’est-\u00e0-dire qu’un jour viendra, s’il n’est d\u00e9j\u00e0 l\u00e0 sans que l’ayons not\u00e9, o\u00f9 c’est la richesse, la prosp\u00e9rit\u00e9 universelles qui seront ainsi interconnect\u00e9es, globalis\u00e9es.Ce sont les lendemains qui chantent haut et fort, ce qui fait qu’on a parfois du mal \u00e0 comprendre l’hostilit\u00e9 de Baker pour le marxisme, sinon qu’il s’agit de l’hostilit\u00e9 pour un concurrent qui utilise la m\u00eame logique que soi, qui a la m\u00eame forme de pens\u00e9e, la m\u00eame psychologie.<\/p>\n<\/p>\n \tIl y a la logique du croyant dans ce raisonnement, une logique inattaquable, appuy\u00e9e sur la conviction in\u00e9branlable de la justesse absolue des principes sur lesquels elle s’appuie. Le radicalisme des qualificatifs r\u00e8gle l’affaire. Baker est un commentateur politique<\/strong> (sp\u00e9cialiste de la politique US) et il n’a que m\u00e9pris pour l’attitude timor\u00e9e des commentateurs \u00e9conomiques et financier, comme ceux du FT<\/a>, qui s’inqui\u00e8tent de quelques faits<\/strong> peu encourageants. Baker pr\u00e9sence l’\u00e9vidence que le totalitarisme de la pens\u00e9e \u00e9conomiste n\u00e9o-lib\u00e9rale (hyper-lib\u00e9rale) est d’abord install\u00e9 dans les sph\u00e8res politiques atlantistes et occidentales, beaucoup plus que dans le monde financier et \u00e9conomique. Le fait que son commentaire date du 23 ao\u00fbt<\/a>, quand tout semblait aller mieux, ne doit pas nous tromper. Aujourd’hui, Gerald Baker pense comme hier, et il pensera demain de la m\u00eame fa\u00e7on, m\u00eame au cur de la tourmente. Il ch\u00e9rira la tourment, comme Mellon en 1931.<\/p>\n<\/p>\n \t\u00abThe third reason for cheer in the current gloom is the stabilising interconnectedness of the global economy. This may sound odd. When someone defaults on a mortgage in Ohio and it causes a crisis for a bank in Frankfurt, isn’t there something wrong?<\/em><\/p>\n<\/p>\n \t\u00bbOn the contrary, financial innovation in the past ten years has enabled financial markets and the customers they serve to spread risk around the world. When troubles arise in one market it is much more efficient, and safer, if the consequences are spread thinly around the globe.<\/em><\/p>\n<\/p>\n \t\u00bbThe important lesson here, in fact, is that it is not an excess of free markets that has brought us low, but not enough. Widely available and reliable information is essential to the functioning of markets. The problems at too many banks and hedge funds this month is that they have invested in US assets, backed by dodgy mortgages that were wrongly categorised as healthy.<\/em><\/p>\n<\/p>\n \t\u00bbBut the biggest cause for comfort in the current crisis goes to the very heart of modern capitalism. Most of the coverage in the past few weeks has focused on the iniquity of an economic system so dependent on financial institutions. Trillions of dollars of financial assets slosh around the world every day at the flick of a switch. Doesn’t that make us horribly vulnerable to sudden changes of sentiment?<\/em><\/p>\n<\/p>\n \t\u00bbThe answer is no. In fact it is the very growth of global financial markets that has given us so much of the prosperity we enjoy today.<\/em><\/p>\n<\/p>\n \t\u00bbWe no longer have boom-and-bust economics. Instead we have long cycles of growth punctuated by short downturns; and that is thanks in very large part to the efficiency of our modern financial markets.<\/em><\/p>\n<\/p>\n \t\u00bbThe only really big danger in the current crisis is that we overreact to it. That in our panicky reaction to an inevitable fear of the inevitable, we insist on new regulatory burdens for our markets. That we shrink from the risk-taking that leads us to seek new markets in our increasingly interconnected and prosperous global economy.<\/em>\u00bb<\/p>\n<\/p>\n <\/p>\n \tMis en ligne le 29 ao\u00fbt 2007 \u00e0 07H05<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" La crise financi\u00e8re d\u00e9clenche \u00e9galement une sensation d’exaltation chez les plus radicaux, et une surench\u00e8re chez eux du syst\u00e8me qui en et la cause. La crise elle-m\u00eame est per\u00e7ue comme une bonne chance (comme le secr\u00e9taire au tr\u00e9sor Mellon, milliardaire US fameux, disait au pr\u00e9sident Hoover en 1931, commentant les files de ch\u00f4meurs devant les… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[3789,4094,3228,6981,6982],"class_list":["post-69165","post","type-post","status-publish","format-standard","hentry","category-bloc-notes","tag-3789","tag-baker","tag-crise","tag-hyper-liberal","tag-mellon"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/69165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=69165"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/69165\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=69165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=69165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=69165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}